Advanced Search
MyIDEAS: Login to save this paper or follow this series

Germany's Short Time Compensation Program: macroeconom(etr)ic insight

Contents:

Author Info

  • Henner Will

    ()
    (Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation)

Registered author(s):

    Abstract

    Short Time Compensation [STC] was a key program in Germany to fight the crisis. However, STC is quite an old tool: in the past 100 years it has been used quite often and is very multifunctional. It stabilized employment in every kind of macroeconomic shock. After a brief look into the institutional and quantitative development of STC in Germany, this paper tries to answer the question whether STC prevents Schumpeterian creative destruction and structural change in economic downturns. With the help of a VAR-Model we can analyze interdependencies between the business cycle, STC and unemployment, finding evidence for a bridging function of STC. A closer look at the pro-cyclical average stoppage supports the thesis that most of the enterprises using STC are fundamentally economically healthy, that is, STC does not prevent structural change in downturns.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.boeckler.de/pdf/p_imk_wp_1_2011.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series IMK Working Paper with number 1-2011.

    as in new window
    Length: 16 pages
    Date of creation: 2011
    Date of revision:
    Handle: RePEc:imk:wpaper:1-2011

    Contact details of provider:
    Postal: Hans-Böckler-Straße 39, 40476 Düsseldorf
    Phone: +49 211 7778 234
    Fax: +49 211 7778 4234
    Email:
    Web page: http://www.imk-boeckler.de
    More information through EDIRC

    Related research

    Keywords: Short Time Compensation; VAR; Paradox; structural change;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Herzog-Stein, Alexander & Seifert, Hartmut, 2009. "Deutsches "Beschäftigungswunder" und flexible Arbeitszeiten," WSI Discussion Papers, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Hans-Böckler-Stiftung 169, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Hans-Böckler-Stiftung.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:imk:wpaper:1-2011. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.