The consequences of a shorter working time : some lessons from a general equilibrium analysis
AbstractThe aim of this paper is to examine, both at partial and general equilibrium, the consequences of work sharing policies, when the wages, the length of the working time and the participation rates are endogenous, in an economy where workers get utility from leisure. It is shown that the effects of a shorter working time are very different at the firm level and at the aggregate level. At a steady state, a decrease in working-time is likely to increase employment at the firm level, but reduces employment and welfare at the aggregate level.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (REL - Recherches Economiques de Louvain) with number 1997012.
Date of creation: 01 Mar 1997
Date of revision:
Find related papers by JEL classification:
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
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- Regt,E,de, 1999. "Wage Bargaining, Working Time and Unemployment," Research Memoranda 006, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
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