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Short-time Working Rises to Historic High in Coronavirus Crisis

Author

Listed:
  • Sebastian Link
  • Stefan Sauer

Abstract

In the wake of the Coronavirus crisis, companies are resorting to large-scale short-time working arrangements. An estimate by the ifo Institute points to a massive use of short-time working, although this is likely to be declining again at the current time. In total, 7.3 million people were estimated to be on short-time working arrangements in May and 6.7 million in June. Short-time working in trade and some service sectors is likely to have already declined significantly, but in the manufacturing sector it rose again slightly in June.

Suggested Citation

  • Sebastian Link & Stefan Sauer, 2020. "Short-time Working Rises to Historic High in Coronavirus Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(07), pages 63-67, July.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:07:p:63-67
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    File URL: https://www.ifo.de/DocDL/sd-2020-07-link-sauer-corona-kurzarbeit.pdf
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    References listed on IDEAS

    as
    1. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.
    2. Timo Wollmershäuser & Marcell Göttert & Christian Grimme & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Ann-Christin Rathje & Magnus Reif & Anna Pauliina Sandqvist & Stefan , 2020. "ifo Konjunkturprognose Sommer 2020: Deutsche Wirtschaft – es geht wieder aufwärts," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(Sonderaus), pages 3-58, July.
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    Cited by:

    1. Przemyslaw Brandt & Klaus Wohlrabe, 2020. "Industries in Focus: Automotive Industry," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(12), pages 64-66, December.
    2. Bonin, Holger & Eichhorst, Werner & Krause-Pilatus, Annabelle & Rinne, Ulf, 2021. "Auswirkungen der Corona-Krise auf das Familien- und Erwerbsleben," IZA Research Reports 111, Institute of Labor Economics (IZA).
    3. Aprea, Carmela & Bucher-Koenen, Tabea & Cziriak, Marius & Gilan, Donya, 2021. "Finanzielle Verluste und sozialpolitische Unterstützung von Haushalten in der Corona-Krise: Eine Befragung der deutschen Erwerbsbevölkerung ab 30 Jahren während des zweiten Lockdowns im Dezember 2020 ," ZEW Expert Briefs 21-14, ZEW - Leibniz Centre for European Economic Research.
    4. Katrin Demmelhuber & Klaus Wohlrabe, 2020. "Sectors in Focus: Retail Sale of Clothing," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(11), pages 63-67, November.

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    More about this item

    Keywords

    Unterbeschäftigung; Beschäftigungseffekt; Epidemie;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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