Short-Time Work and Unemployment in and after the Great Recession

Can governmental policies mitigate the effects of recessions on unemployment? We study whether the Swiss short-time work (STW) program reduced unemployment in the 2009–2015 period using quarterly establishment-level panel data linking several administrative data sources. We compare changes in permanent layoffs into unemployment, hiring from unemployment, establishment survival and size between establishments that applied successfully to establishments that applied unsuccessfully for STW at cantonal employment agencies.


Details

Author(s) D. Kopp, M. Siegenthaler
Language English
Year of publication Jul, 2019
Journal KOF Working Papers
Volume, Number 2019, 462
Page(s) 1-61
Publisher KOF Swiss Economic Institute, Zurich
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