Short-Time Work: The German Answer to the Great Recession

Klaus Zimmermann (), , and Karl Brenke
Authors registered in the RePEc Author Service: Ulf Rinne

No 8449, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Short-time work was the 'German answer' to the economic crisis. The number of short-time workers strongly increased in the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have risen by approximately twice as much as it actually did. Short-time work has certainly contributed to the mild response of the German labor market to the crisis, but this is likely due to the country-specific context. Although the crisis has been overcome and employment is strongly expanding, modified regulations governing shorttime work are still in place. This leads to undesired side effects.

Keywords: Labour market policy; Partially unemployed workers; Short-time work compensation; Economic crisis (search for similar items in EconPapers)
JEL-codes: J65 J68 (search for similar items in EconPapers)
Date: 2011-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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Related works:
Journal Article: Short-time work: The German answer to the Great Recession (2013)
Working Paper: Short-Time Work: The German Answer to the Great Recession (2011)
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