BESWEP: The Belgian Short-time Work Scheme: Economic and Psychological impacts Ghent University
This research studies the impact of the Belgian short-time work (STW) compensation scheme (known as “temporary unemployment”) on economic and psychological outcomes in the short and longer term. STW is a policy instrument installed at the federal level to avoid the costly process of separation and re-hiring during the temporary reduction in production and demand and may thereby also avoid the bankruptcy of firms. From the employees’ ...