Cargando…

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 li...

Descripción completa

Detalles Bibliográficos
Autores principales: Efstathiou, Konstantinos, Mathä, Thomas Y., Veiga, Cindy, Wintr, Ladislav
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2018
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6280776/
https://www.ncbi.nlm.nih.gov/pubmed/30596197
http://dx.doi.org/10.1186/s12651-018-0247-7
_version_ 1783378735192342528
author Efstathiou, Konstantinos
Mathä, Thomas Y.
Veiga, Cindy
Wintr, Ladislav
author_facet Efstathiou, Konstantinos
Mathä, Thomas Y.
Veiga, Cindy
Wintr, Ladislav
author_sort Efstathiou, Konstantinos
collection PubMed
description 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.
format Online
Article
Text
id pubmed-6280776
institution National Center for Biotechnology Information
language English
publishDate 2018
publisher Springer Berlin Heidelberg
record_format MEDLINE/PubMed
spelling pubmed-62807762018-12-26 Short-time work in Luxembourg: evidence from a firm survey Efstathiou, Konstantinos Mathä, Thomas Y. Veiga, Cindy Wintr, Ladislav J Labour Mark Res Original Article 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. Springer Berlin Heidelberg 2018-12-04 2018 /pmc/articles/PMC6280776/ /pubmed/30596197 http://dx.doi.org/10.1186/s12651-018-0247-7 Text en © The Author(s) 2018 Open AccessThis article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
spellingShingle Original Article
Efstathiou, Konstantinos
Mathä, Thomas Y.
Veiga, Cindy
Wintr, Ladislav
Short-time work in Luxembourg: evidence from a firm survey
title Short-time work in Luxembourg: evidence from a firm survey
title_full Short-time work in Luxembourg: evidence from a firm survey
title_fullStr Short-time work in Luxembourg: evidence from a firm survey
title_full_unstemmed Short-time work in Luxembourg: evidence from a firm survey
title_short Short-time work in Luxembourg: evidence from a firm survey
title_sort short-time work in luxembourg: evidence from a firm survey
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6280776/
https://www.ncbi.nlm.nih.gov/pubmed/30596197
http://dx.doi.org/10.1186/s12651-018-0247-7
work_keys_str_mv AT efstathioukonstantinos shorttimeworkinluxembourgevidencefromafirmsurvey
AT mathathomasy shorttimeworkinluxembourgevidencefromafirmsurvey
AT veigacindy shorttimeworkinluxembourgevidencefromafirmsurvey
AT wintrladislav shorttimeworkinluxembourgevidencefromafirmsurvey