Abstract

http://ssrn.com/abstract=1867049
 
 

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


Karl Brenke


German Institute for Economic Research (DIW Berlin) - Public Economics

Ulf Rinne


Institute for the Study of Labor (IZA)

Klaus F. Zimmermann


Institute for the Study of Labor (IZA); German Institute for Economic Research (DIW Berlin); University of Bonn; Journal of Population Economics; Centre for Economic Policy Research (CEPR)


IZA Discussion Paper No. 5780

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 short-time work are still in place. This leads to undesired side effects.

Number of Pages in PDF File: 29

Keywords: labor market policy, partially unemployed workers, short-time work compensation, economic crisis

JEL Classification: J65, J68

working papers series


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Date posted: June 20, 2011  

Suggested Citation

Brenke, Karl and Rinne, Ulf and Zimmermann, Klaus F., Short-Time Work: The German Answer to the Great Recession. IZA Discussion Paper No. 5780. Available at SSRN: http://ssrn.com/abstract=1867049

Contact Information

Karl Brenke (Contact Author)
German Institute for Economic Research (DIW Berlin) - Public Economics ( email )
Mohrenstraße 58
Berlin, 10117
Germany
Ulf Rinne
Institute for the Study of Labor (IZA) ( email )
P.O. Box 7240
Bonn, D-53072
Germany
HOME PAGE: http://www.iza.org/profile?key=1844

Klaus F. Zimmermann
Institute for the Study of Labor (IZA) ( email )
P.O. Box 7240
Bonn, D-53072
Germany
+49 228 3894 201 (Phone)
+49 228 3894 210 (Fax)
German Institute for Economic Research (DIW Berlin)
Mohrenstraße 58
Berlin, 10117
Germany
University of Bonn
Postfach 2220
Bonn, D-53012
Germany
Journal of Population Economics
Tiergartenstr. 17
D-69121 Heidelberg
Germany
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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