Short-time work in Luxembourg: evidence from a firm survey
We analyse the use of short-time work (STW) by Luxembourg firms during the years of economic and financial crisis (2008-2009) and the subsequent European sovereign debt crisis (2010-2013). The economic and financial crisis saw a surge in the number of firms using short-time work. We find that the likelihood that a firm applied for or used short-time work increases with demand volatility, the degree of firm-specific human capital and is higher for firms that cannot shift workers between establishments or that are more export oriented. Firms reported that 20-25% of jobs in short-time work were s... Mehr ...
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| Dokumenttyp: | doc-type:article |
| Erscheinungsdatum: | 2018 |
| Verlag/Hrsg.: |
Heidelberg: Springer
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| Schlagwörter: | ddc:330 / C25 / J63 / J68 / Firms / Survey / Crisis / Short-time work |
| Sprache: | Englisch |
| Permalink: | https://search.fid-benelux.de/Record/base-29099329 |
| Datenquelle: | BASE; Originalkatalog |
| Powered By: | BASE |
| Link(s) : | http://hdl.handle.net/10419/216671 |
We analyse the use of short-time work (STW) by Luxembourg firms during the years of economic and financial crisis (2008-2009) and the subsequent European sovereign debt crisis (2010-2013). The economic and financial crisis saw a surge in the number of firms using short-time work. We find that the likelihood that a firm applied for or used short-time work increases with demand volatility, the degree of firm-specific human capital and is higher for firms that cannot shift workers between establishments or that are more export oriented. Firms reported that 20-25% of jobs in short-time work were saved by this measure.