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

Efstathiou, Konstantinos; Mathä, Thomas Y.; Veiga, Cindy; Wintr, Ladislav

doi:10.1186/s12651-018-0247-7

Cited by 6 publications

(4 citation statements)

References 8 publications

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“…In particular, in manufacturing, where STW is most predominantly used, the response to declining labour demand was smaller in STW than in non-STW states. Using questions available only for Luxembourg from the same dataset used in this paper, Efstathiou et al (2018) find that in Luxembourg 25% and 20% of employees involved in short-time work would have lost their job without this arrangement in 2008-2009 and 2010-2013, respectively. Extrapolated to the whole economy, this would translate to approximately 2400 and 920 jobs saved, corresponding to 0.7% and 0.3% of employment in the respective sub-periods.…”

Section: Introductionmentioning

confidence: 89%

Short-time work in the Great Recession: firm-level evidence from 20 EU countries

2019

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Using firm-level data from a large-scale European survey among 20 countries, we analyse the determinants of firms using short-time work (STW). We show that firms are more likely to use STW in case of negative demand shocks. We show that STW schemes are more likely to be used by firms with high degrees of firm-specific human capital, high firing costs, and operating in countries with stringent employment protection legislation and a high degree of downward nominal wage rigidity. STW use is higher in countries with formalised schemes and in countries where these schemes were extended in response to the recent crisis. On the wider economic impact of STW, we show that firms using the schemes are significantly less likely to lay off permanent workers in response to a negative shock, with no impact for temporary workers. Relating our STW take-up measure in the micro data to aggregate data on employment and output trends, we show that sectors with a high STW take-up exhibit significantly less cyclical variation in employment.

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Section: Introductionmentioning

confidence: 89%

Short-time work in the Great Recession: firm-level evidence from 20 EU countries

2019

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“…Luxembourg (Efstathiou et al 2018) and Switzerland (Kopp and Siegenthaler 2018) also emphasise the efficacy of these STW schemes.…”

Section: International Evidence On Wage Subsidiesmentioning

confidence: 99%

How Many Jobs Did Jobkeeper Keep?

Bishop¹,

Day²

2020

RBA Research Discussion Papers

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The JobKeeper Payment is a wage subsidy to help firms affected by COVID-19 retain their staff. We examine the extent to which JobKeeper cushioned employment losses in the first four months of the program. To do this, we use worker-level data from the Labour Force Survey and an identification strategy that exploits a threshold in eligibility to infer causality. We find that one in five employees who received JobKeeper (and, thus, remained employed) would not have remained employed during this period had it not been for the JobKeeper Payment. Given that 3½ million individuals were receiving the payment over the period from April to July 2020, this implies that JobKeeper reduced total employment losses by at least 700,000 over the same period. We discuss the potential sources of bias that might affect our results, some of which stem from the fact that our conclusions are based on a sample of casual employees who may have responded differently to JobKeeper than other workers. Our paper does not consider the longer-run effects of JobKeeper on employment or the indirect channels through which JobKeeper may have affected employment.

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“…At its peak in spring 2009, 4.5% of employees used STW. 2 Efstathiou et al (2018, in this journal) study STW during the Great Recession in Luxembourg. In this paper, we focus on the remaining active labour market policy (ALMP) measures managed by the Luxembourg employment agency ADEM (Agence pour le Development de l'Emploi).…”

Section: Introductionmentioning

confidence: 99%

“…See BCL (2015).9 The same dataset is used byEfstathiou et al (2018) to study STW in Luxembourg.10 In employment weighted terms in private sector employment excluding agriculture and energy.…”

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confidence: 99%

Active labour market policy use in Luxembourg: evidence from a firm survey

Efstathiou

Mathä

Veiga

et al. 2019

J Labour Market Res

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We analyse the use of active labour market policy (ALMP) measures by Luxembourg firms during the years of economic and financial crisis (2008-2009) and the subsequent European sovereign debt crisis (2010-2013). About 34% of Luxembourg firms used ALMPs between 2008 and 2013. Economy-wide, the use of ALMPs increased along both the extensive margin (more firms) and the intensive margin (more measures per firm). The likelihood that a firm hired with ALMPs is greater for firms that are large, multi-establishment, domestically oriented and firms facing strong demand and competition, with concerns about labour cost pressures.

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

Cited by 6 publications

References 8 publications

Short-time work in the Great Recession: firm-level evidence from 20 EU countries

Short-time work in the Great Recession: firm-level evidence from 20 EU countries

How Many Jobs Did Jobkeeper Keep?

Active labour market policy use in Luxembourg: evidence from a firm survey

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