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Was Short-Time Work a Miracle Cure During the Great Recession? The Case of Germany and Italy

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  • Fabio R Arico

    () (School of Economics, University of East Anglia, UEA, Norwich NR4 7TJ, UK.)

  • Ulrike Stein

    () (Macroeconomic Policy Institute (IMK), Hans-Böckler-Foundation, Hans-Böckler-Straße, 39, 40476 Düsseldorf, Germany.)

Abstract

This paper considers the use of short-time work (STW) schemes as a device to mitigate the negative effects of the current global recession on employment levels. STW 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 STW 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.

Suggested Citation

  • Fabio R Arico & Ulrike Stein, 2012. "Was Short-Time Work a Miracle Cure During the Great Recession? The Case of Germany and Italy," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(2), pages 275-297, June.
  • Handle: RePEc:pal:compes:v:54:y:2012:i:2:p:275-297
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    References listed on IDEAS

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    Cited by:

    1. Gustav A. Horn & Peter Hohlfeld & Fabian Lindner & Katja Rietzler & Sabine Stephan & Silke Tober & Andrew Watt, 2012. "Im Sog der Krise," IMK Report 74-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    2. Felix FitzRoy & Jim Jin, 2017. "Basic Income and a Public Job Offer: Complementary Policies to Reduce Poverty and Unemployment," Working Papers id:12209, eSocialSciences.
    3. Enrico Marelli & Misbah T. Choudhry & Marcello Signorelli, 2013. "Youth and total unemployment rate: the impact of policies and institutions," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(1), pages 63-86.
    4. FitzRoy, Felix & Jin, Jim, 2017. "Basic Income and a Public Job Offer: Complementary Policies to Reduce Poverty and Unemployment," IZA Policy Papers 133, Institute for the Study of Labor (IZA).
    5. Josef C Brada & Marcello Signorelli, 2012. "Comparing Labor Market Performance: Some Stylized Facts and Key Findings," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(2), pages 231-250, June.
    6. Germana Giombini & Francesco Perugini & Giuseppe Travaglini, 2016. "The productivity slowdown puzzle of European countries: a focus on Italy," Working Papers 1606, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    7. Gustav A. Horn & Sebastian Gechert & Alexander Herzog-Stein & Katja Rietzler & Silke Tober & Sabine Stephan & Andrew Watt, 2013. "Inmitten der Krise des Euroraums - Herausforderungen für die Wirtschaftspolitik 2013," IMK Report 79-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

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