European Union

This is what you need to know about short-time work

Short-time work schemes are an important fiscal stabiliser in many countries Image: REUTERS/Rebecca Cook

Reamonn Lydon

Senior Advisor, Research and Analysis, , Central Bank of Ireland

Thomas Y. Mathä

Economics and Research Department,, Central Bank of Luxembourg

Stephen Millard

Senior Economist, , Bank of England

Share:

The Big Picture
Explore and monitor how European Union is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

European Union

Notes: Private sector firms in manufacturing, construction, trade, business and other services and financial intermediation. Image: WDN3.
Private sector firms in manufacturing. Image: WDN3.
All sectors. Data are predicted values from a regression controlling for firm and worker characteristics, altering the values for skill composition and tenure. ‘High-skilled’ in the chart refers to high-skilled non-manual workers. Image: WDN3.
Conditional on firms saying they had to reduce labour inputs between 2010 and 2013. Data are predicted values from a regression controlling for firm and worker characteristics, altering the values for wage rigidity. Image: WDN3.

Have you read?

Responses estimated from a panel VAR, assuming that employment follows output with a lag. There are 2,222 country-sectors in the two samples, of which, approximately 900 are in the high-STW group. Image: WDN3.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Share:

Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

More on European Union
See all

Inflation, employment, growth: The Eurozone’s economic outlook in 3 charts
About Us
Events
Media
More from the Forum
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2022 World Economic Forum