The Response of German Establishments to the 2008–2009 Economic Crisis

Bellmann, Lutz; Gerner, Hans-Dieter; Upward, Richard

doi:10.1007/978-3-319-12805-4_8

Cited by 24 publications

(34 citation statements)

References 21 publications

(23 reference statements)

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“…Bellmann et al, 2015;Boeri and Bruecker, 2011) that have focused on this variable as a conditioning factor for the overall employment response. In our framework, the pre-crisis TAW share is a predetermined variable, while STW use, which is measured in the (post-)crisis years 2009 and 2010, is fully endogenous and measures a reaction to the crisis.…”

Section: Empirical Strategymentioning

confidence: 99%

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Temporary agency work and the Great Recession

Baumgarten

Kvasnicka

2017

Journal of Economic Behavior & Organization

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We investigate with German data how the use of temporary agency work has helped establishments to manage the economic and financial crisis in 2008/09. We examine the (regular) workforce development, use of short-time work, and business performance of establishments that made differential use of temporary agency work prior to the crisis. Overall, our results suggest that establishments with a greater use of temporary agency work coped better with the sharp decline in demand and made less frequent use of government-sponsored short-time work schemes.JEL classification: E32, J23, L23, J68

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Section: Empirical Strategymentioning

confidence: 99%

“…the German labour market performance in the Great Recession (Bellmann et al, 2015;Burda and Hunt, 2011;Boeri and Bruecker, 2011;Bohachova et al, 2011;Möller, 2010)). 2 These studies, however, do not focus on the role of temporary agency employment as a potentially stabilizing factor.…”

Section: Introductionmentioning

confidence: 99%

Temporary agency work and the Great Recession

Baumgarten

Kvasnicka

2017

Journal of Economic Behavior & Organization

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“…4 In yet other countries, employers bear no short-time work cost at all. 5 Our results stress that systems where employers contribute little to short-time work induce …rms facing strong seasonal revenue ‡uctuations to make recurrent use of short-time work, which reduces aggregate production. Given that, it is important to limit the recurrent use of short-time work.…”

Section: Brunet Et Al (2009)mentioning

confidence: 67%

Inefficient Short-Time Work

Cahuc

Nevoux

2018

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. Terms of use: Documents inSchaumburg-Lippe-Straße 5-9 53113 Bonn, Germany Inefficient Short-Time WorkThis paper shows that the reforms which expanded short-time work in France after the great 2008-2009 recession were largely to the benefit of large firms which are recurrent short-time work users. We argue that this expansion of short-time work is an inefficient way to provide insurance to workers, as it entails cross-subsidies which reduce aggregateproduction. An efficient policy should provide unemployment insurance benefits funded by experience rated employers' contributions instead of short-time work benefits. We find that short-time work entails significant production losses compared to an unemployment insurance scheme with experience rating. JEL Classification:J63, J65

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“…This result approximates the empirical evidence of the micro literature based on firm‐level data which in general has not found any significant net effects of STW on employment (Bellmann et al . ; Calavrezo et al . ), departing from the large positive impacts found by others (Boeri and Bruecker ).…”

Section: Discussionmentioning

confidence: 94%

“…On the micro side, Boeri and Bruecker () and Bellmann et al . () use an instrument based on the experience of firms with STW before the crisis. In general, macro studies have found short‐time positive impacts of STW on employment during the 2008–2009 recession (although deadweight costs seem to be sizable as well, especially in the medium run), whereas empirical evidence from micro studies which control for STW endogeneity are not so clear‐cut, showing either small positive effects or no effect at all…”

Section: Introductionmentioning

confidence: 99%

Short‐Time Work and Employment Stability: Evidence from a Policy Change

Muñoz

García‐Serrano

Hernanz

2017

Brit J Industrial Rel

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This paper investigates whether short‐time work (STW) programmes achieve their stated goal of being devices intended to preserve jobs and keep workers employed in times of crisis. Our identification strategy exploits a change in the financial incentives provided to employers and employees for the temporary suspension of work contracts or the reduction of working time. We use longitudinal administrative data and estimate difference‐in‐differences regressions and instrumental variable bivariate probit models with endogenous covariates, which try to take account of the potential endogeneity of participation in STW. Our results suggest that discretionary policy changes in the incentives of STW schemes can be effective in the short run but they lose their ability when the decline in demand and the lack of work are more permanent.

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The Response of German Establishments to the 2008–2009 Economic Crisis

Cited by 24 publications

References 21 publications

Temporary agency work and the Great Recession

Temporary agency work and the Great Recession

Inefficient Short-Time Work

Short‐Time Work and Employment Stability: Evidence from a Policy Change

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