Show simple item record

dc.contributor.author
Kopp, Daniel
dc.contributor.author
Siegenthaler, Michael
dc.date.accessioned
2019-08-21T05:45:09Z
dc.date.available
2019-08-20T14:44:05Z
dc.date.available
2019-08-21T05:45:09Z
dc.date.issued
2019-07
dc.identifier.uri
http://hdl.handle.net/20.500.11850/359533
dc.identifier.doi
10.3929/ethz-b-000359533
dc.description.abstract
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. The latter appear to be a valid control group for the former among others because of substantial idiosyncrasies in cantonal approval practices. We find strong evidence that STW increases establishment survival and prevents rather than postpones dismissals: the 7,880 establishments treated in 2009 would have dismissed approximately 20,500 workers into unemployment (0.46% of the labor force) until 2012. Most workers would have been dismissed in the quarters immediately following application and more than a third would have become long-term unemployed. We estimate that the savings in terms of unemployment benefit payments may have been large enough to compensate the spending on STW benefits for the Swiss unemployment insurance.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Great Recession
en_US
dc.subject
Labor demand
en_US
dc.subject
Layoffs
en_US
dc.subject
labor hoarding
en_US
dc.subject
Short-time work
en_US
dc.subject
Unemployment
en_US
dc.subject
work sharing
en_US
dc.title
Short-Time Work and Unemployment in and after the Great Recession
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2019-08-21
ethz.journal.title
KOF Working Papers
ethz.journal.volume
462
en_US
ethz.size
64 p.
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy::E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
en_US
ethz.code.jel
JEL - JEL::J - Labor and Demographic Economics::J2 - Demand and Supply of Labor::J23 - Labor Demand
en_US
ethz.code.jel
JEL - JEL::J - Labor and Demographic Economics::J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers::J63 - Turnover; Vacancies; Layoffs
en_US
ethz.code.jel
JEL - JEL::J - Labor and Demographic Economics::J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers::J65 - Unemployment Insurance; Severance Pay; Plant Closings
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute::06330 - KOF FB Konjunktur / KOF Macroeconomic forecasting
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute::06330 - KOF FB Konjunktur / KOF Macroeconomic forecasting
en_US
ethz.relation.isPreviousVersionOf
handle/20.500.11850/385697
ethz.date.deposited
2019-08-20T14:44:13Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2019-08-21T05:45:19Z
ethz.rosetta.lastUpdated
2020-02-15T20:46:41Z
ethz.rosetta.versionExported
true
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=Short-Time%20Work%20and%20Unemployment%20in%20and%20after%20the%20Great%20Recession&rft.jtitle=KOF%20Working%20Papers&rft.date=2019-07&rft.volume=462&rft.au=Kopp,%20Daniel&Siegenthaler,%20Michael&rft.genre=preprint&
 Search via SFX

Files in this item

Thumbnail

Publication type

Show simple item record