Short-Time Work in German Firms
AbstractThe aim of this paper is twofold. First, we describe determinants for the use of short-time work during the economic recession 2008 / 2009. Second, post-crisis changes in turnover and employment are analyzed with focus on the use of short-time work. The analysis is restricted to firms in the manufacturing sector in Germany. We present evidence that small firms are less likely to utilize short-time work. With respect to the post-crisis economic development, multivariate analysis suggests that short-time work is significantly negatively correlated with employment growth even after accounting for changes in turnover. This might indicate a period of jobless growth after utilization of short-time work.
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Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Applied Economics Quarterly.
Volume (Year): 57 (2011)
Issue (Month): 4 ()
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Web page: http://www.duncker-humblot.de
Find related papers by JEL classification:
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
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- Münstermann, Leonard & Schneck, Stefan & Wolter, Hans-Jürgen, 2012. "Die Bedeutung des Kurzarbeitergeldes im Mittelstand," IfM-Materialien 215, IfM - Institut für Mittelstandsforschung Bonn.
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