| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13041 |
| DP13041 When Short-Time Work Works | |
| Pierre Cahuc; francis kramarz; Sandra Nevoux | |
| 发表日期 | 2018-07-09 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without saving jobs. The cost of saving jobs is low because short-time work targets those at risk of being destroyed. Using extremely detailed data on the administration of the program covering the universe of French establishments, we devise a causal identification strategy based on the geography of the program that demonstrates that short-time work saved jobs in firms faced with large drops in their revenues during the Great Recession, in particular when highly levered, but only in these firms. The measured cost per saved job is shown to be very low relative to that of other employment policies. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Short-time work Unemployment Employment |
| URL | https://cepr.org/publications/dp13041 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541847 |
| 推荐引用方式 GB/T 7714 | Pierre Cahuc,francis kramarz,Sandra Nevoux. DP13041 When Short-Time Work Works. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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