Work Sharing during the Great Recession

Messenger, Jon C.; Ghosheh, Naj

doi:10.4337/9781782540885

Cited by 15 publications

(8 citation statements)

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“…Employment regulation may assist in stabilising the economy over the business cycle by reducing incentives to employers to lay off workers and encouraging work sharing, thereby reducing the downward multiplier as people are laid off and reduce consumption. Although these policies favour insiders, the alternative of more rapid employment adjustment may simply intensify the downturn in demand, as found over the recent financial crisis when the degree of employment change was highly variable across countries linked to regulation (Messenger and Ghosheh, 2013). Thus, practices which directly benefit insiders may protect overall employment, and limit the downturn.…”

Section: Stable Economymentioning

confidence: 99%

Reregulating for inclusive labour markets

Rubery¹

2017

Regulating for Equitable and Job-Rich Growth

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The designations employed in ILO publications, which are in conformity with United Nations practice, and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the International Labour Office concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers. The responsibility for opinions expressed in signed articles, studies and other contributions rests solely with their authors, and publication does not constitute an endorsement by the International Labour Office of the opinions expressed in them. Reference to names of firms and commercial products and processes does not imply their endorsement by the International Labour Office, and any failure to mention a particular firm, commercial product or process is not a sign of disapproval.

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Section: Stable Economymentioning

confidence: 99%

Reregulating for inclusive labour markets

Rubery¹

2017

Regulating for Equitable and Job-Rich Growth

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“…An additional feature to include as a new right to request could be voluntary “work sharing,” if a sufficient number of employees collectively request this, to help preserve their own jobs, when mass layoffs are pending. Currently, only the employer can file such a request for shorter workweeks and partial subsidies through the “short‐time compensation” program in states that have work sharing as part of unemployment insurance systems (Messenger ).…”

Section: Implications For Modifying the Flsa—comp Time And Beyondmentioning

confidence: 99%

FLSA Working Hours Reform: Worker Well‐Being Effects in an Economic Framework

Golden

2015

Industrial Relations

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This article discusses a model developed to predict the effects of recently proposed amendments to the FLSA workweek and overtime provisions. The model contrasts allowing compensatory time for overtime pay for private nonexempt employees to “rights to request” reduced hours. Hours demanded are likely to rise for workers who request comp time, undermining the intention of family‐friendliness and alleviating overemployment, unless accompanied by offsetting policies that would prevent the denied use or forced use of comp time and that resurrect some monetary deterrent effect. A unique survey shows that the preference for time over money and comp time is relatively more prevalent among exempt, long hours and women workers; thus, worker welfare is likely better served if comp time were incorporated into an individualized, employee‐initiated right to request.

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“…Many countries introduced various programs to protect and promote their labor markets. Germany expanded its short-time work program (Messenger and Ghosheh 2013); Holland relied on its flexi-cure institutional structure; and many OECD members introduced active labor programs, while the US reverted to monetary expansion (dubbed as quantitative easing).…”

Section: Introductionmentioning

confidence: 99%

Turkey’s employment subsidy program under the great recession: a general equilibrium assessment

Yeldan

2016

International Review of Applied Economics

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The objective of this paper is to provide an impact analysis of the macroeconomic consequences of the employment subsidization programs in Turkey implemented under the post-2008 crisis period. To this end, an applied general equilibrium model (of the computable general equilibrium-CGE variety) is utilized to investigate the production, incomes generation, and aggregate demand components of the domestic economy. The analysis highlights the rather limited returns to the subsidization package, and argues that much of this was due to the dis-equilibriating and fragile macroeconomic environment under the neoliberal policy framework. The massive drop of domestic savings; a severe mis-alignment in the real exchange rate causing significant appreciation of the domestic currency; rise of the external deficit and of foreign indebtedness along with a severe fall in the total productivity effort were different facets of this poor macroeconomic performance. Thus, an important message of the study is that, had the macroeconomic balances were maintained at their historical averages, and a more competitive exchange rate could have been pursued, as much as threefolds of a gain in aggregate employment could have been generated with the same intensity of the employment subsidization package, in comparison to the historically realized levels.

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Work Sharing during the Great Recession

Cited by 15 publications

References 0 publications

Reregulating for inclusive labour markets

Reregulating for inclusive labour markets

FLSA Working Hours Reform: Worker Well‐Being Effects in an Economic Framework

Turkey’s employment subsidy program under the great recession: a general equilibrium assessment

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