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 ...

Verfasser: Efstathiou, Konstantinos
Mathä, Thomas
Veiga, Cindy
Wintr, Ladislav
Dokumenttyp: doc-type:article
Erscheinungsdatum: 2018
Verlag/Hrsg.: Heidelberg: Springer
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.