Was Short-Time Work a Miracle Cure During the Great Recession? The Case of Germany and Italy

Arico, Fabio and Stein, Ulrike (2012) Was Short-Time Work a Miracle Cure During the Great Recession? The Case of Germany and Italy. Comparative Economic Studies, 54. pp. 275-297. ISSN 1478-3320

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Abstract

This paper considers the use of short-time work schemes as a device to mitigate the negative effects of the current global recession on employment levels. Short-time work schemes have been regarded as a popular and successful counter-cyclical policy to maintain workers in employment. However, by comparing and contrasting the experience of Germany and Italy, we argue that the effectiveness of short-time work schemes should only be evaluated in relation to (i) the institutional set-up within which they operate, and (ii) the whole set of labour market policies adopted by each country.

Item Type: Article
Uncontrolled Keywords: short-time work,employment,flexibility,institutions
Faculty \ School: Faculty of Social Sciences > School of Economics
Depositing User: Pure Connector
Date Deposited: 27 Jan 2014 16:04
Last Modified: 25 Jul 2018 09:28
URI: https://ueaeprints.uea.ac.uk/id/eprint/47397
DOI: 10.1057/ces.2012.10

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