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Working Time Accounts and Turnover

Launov, Andrey (2020) Working Time Accounts and Turnover. Scandinavian Journal of Economics, . ISSN 1467-9442. (In press) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:80874)

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Language: English

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Abstract

Working time account is a tool that allows firms to smooth their demand for hours employed.Descriptive literature suggests that working time accounts can reduce layoffs and inhibit increases in unemployment during recessions. In a model of optimal labour demand I show that working time account does not necessarily guarantee fewer layoffs at the firm level. Layoffs may fall or rise depending on whether the firm meets an economic downturn with a surplus or a deficit of hours, and on how productive the firm is. On aggregate and in expected terms, however, working time account reduces job destruction.

Item Type: Article
Uncontrolled keywords: Labour demand, working hours, layoff, Great Recession, Germany
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Andrey Launov
Date Deposited: 15 Apr 2020 14:41 UTC
Last Modified: 15 Apr 2020 14:42 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/80874 (The current URI for this page, for reference purposes)
Launov, Andrey: https://orcid.org/0000-0002-5282-2693
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