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Short-time work in Luxembourg: Evidence from a firm survey

Author

Listed:
  • Efstathiou, Konstantinos

    (Bruegel, Brussels)

  • Mathä, Thomas Y.

    (Banque centrale du Luxembourg)

  • Veiga, Cindy

    (Banque centrale du Luxembourg)

  • Wintr, Ladislav

    (Banque centrale du Luxembourg)

Abstract
"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." (Author's abstract, © Springer-Verlag) ((en))

Suggested Citation

  • Efstathiou, Konstantinos & Mathä, Thomas Y. & Veiga, Cindy & Wintr, Ladislav, 2018. "Short-time work in Luxembourg: Evidence from a firm survey," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 52(1), pages 1-14.
    • Handle: RePEc:iab:iabjlr:v:52:p:art.14
    DOI: 10.1186/s12651-018-0247-7
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    References listed on IDEAS

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    4. Van Audenrode, Marc A, 1994. "Short-Time Compensation: Job Security, and Employment Contracts: Evidence from Selected OECD Countries," Journal of Political Economy, University of Chicago Press, vol. 102(1), pages 76-102, February.
    5. Tito Boeri & Herbert Bruecker, 2011. "Short-time work benefits revisited: some lessons from the Great Recession [‘Reversed roles? Wage and employment effects of the current crisis’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(68), pages 697-765.
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    Citations

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    Cited by:

    1. Efstathiou, Konstantinos & Mathä, Thomas Y. & Veiga, Cindy & Wintr, Ladislav, 2019. "Active labour market policy use in Luxembourg: evidence from a firm survey," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 53(1), pages 1-12.
    2. van der Wielen, Wouter & Barrios, Salvador, 2021. "Economic sentiment during the COVID pandemic: Evidence from search behaviour in the EU," Journal of Economics and Business, Elsevier, vol. 115(C).
    3. Reamonn Lydon & Thomas Y. Mathä & Stephen Millard, 2019. "Short-time work in the Great Recession: firm-level evidence from 20 EU countries," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 8(1), pages 1-29, December.
    4. Thomas Y. Mathä & Ana Montes-Viñas & Giuseppe Pulina & Michael Ziegelmeyer, 2023. "The Luxembourg Household Finance and Consumption Survey: Results from the fourth wave in 2021," BCL working papers 176, Central Bank of Luxembourg.
    5. James Bishop & Iris Day, 2020. "How Many Jobs Did JobKeeper Keep?," RBA Research Discussion Papers rdp2020-07, Reserve Bank of Australia.

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    More about this item

    Keywords

    Luxemburg ; Beschäftigtenstruktur ; Determinanten ; Exportabhängigkeit ; Finanzkrise ; Inanspruchnahme ; Kurzarbeit ; Kurzarbeit ; Nachfrageentwicklung ; Qualifikationsstruktur ; Arbeitskräftehortung ; Wirtschaftskrise ; Arbeitsplatzsicherung ; 2008-2013;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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