Kurzarbeit and natural disasters: how effective are short-time working allowances in avoiding unemployment?

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Bibliographic Details
Authors and Corporations:	Fournier Gabela, Julio Gustavo (Author), Sarmiento, Luis (Author)
Other Authors:	Sarmiento, Luis [Author]
Type of Resource:	E-Book
Language:	English
published:	Berlin DIW Berlin, German Institute for Economic Research 2020
Series:	Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 1909
Subjects:	Flooding short-time work regional unemployment regression discontinuity in time institutions Graue Literatur
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Description
Summary:	There is substantial evidence on the effectiveness of short-time work on reducing unemployment. However, no study looks at its role during natural disasters. This article exploits the exogenous nature of the 2013 European floods to assess if the impact depends on the quality of the short-time work mechanism across affected counties. We use regression discontinuity designs to show that unemployment does not increase in regions with robust programs while rising up to seventeen percent in areas with less robust mechanisms. Our results are relevant to the literature on how institutional quality influences recovery and suggests that short-time work programs are useful against unforeseeable productivity shocks besides financial crises.
Physical Description:	1 Online-Ressource (circa 51 Seiten); Illustrationen