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The Micro and Macro Economics of Short-Time Work

Author

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  • Pierre Cahuc

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique, IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics, CEPR - Center for Economic Policy Research)

Abstract

This article provides an overview of the economic literature on short-time work. It presents the main characteristics of short-time work since its emergence in Germany in the 1930s. It analyzes its effectiveness as a job preservation mechanism, drawing on theoretical models and empirical studies. It concludes by highlighting the areas that future research could explore to address the most significant gaps in our understanding of short-time work.

Suggested Citation

  • Pierre Cahuc, 2024. "The Micro and Macro Economics of Short-Time Work," SciencePo Working papers Main hal-04673743, HAL.
    • Handle: RePEc:hal:spmain:hal-04673743
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-04673743
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