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
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Research in Mathematics Education
Depositing User:	Pure Connector
Date Deposited:	27 Jan 2014 16:04
Last Modified:	04 Mar 2024 16:52
URI:	https://ueaeprints.uea.ac.uk/id/eprint/47397
DOI:	10.1057/ces.2012.10

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