Short-Time Work: The German Answer to the Great Recession
30 Pages Posted: 25 Jun 2011
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Short-Time Work: The German Answer to the Great Recession
Date Written: June 2011
Abstract
Short-time work was the 'German answer' to the economic crisis. The number of short-time workers strongly increased in the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have risen by approximately twice as much as it actually did. Short-time work has certainly contributed to the mild response of the German labor market to the crisis, but this is likely due to the country-specific context. Although the crisis has been overcome and employment is strongly expanding, modified regulations governing shorttime work are still in place. This leads to undesired side effects.
Keywords: economic crisis, labour market policy, partially unemployed workers, short-time work compensation
JEL Classification: J65, J68
Suggested Citation: Suggested Citation
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