Download or read book Short Time Working Arrangements as Response to Cyclical Fluctuations written by Alfonso Arpaia and published by . This book was released on 2010 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews and discusses the main characteristics of short-time schemes available in the EU. Highlights the risk that a prolonged use of short-time work supports the demand of declining sectors, eventually delaying their restructuring, especially when the costs of labour reallocation are low and the incentives to restructure high, because the opportunity costs of foregone output is lower in recessions than in booms.