Has work-sharing worked in Finland?
This study is about the effects of work-sharing on employment in Finland. The results reveal that a reduction in average hours seems to deliver an increase in employment on the condition that output does not deteriorate as a result of shorter working time. However, the maintenance of output level in the case of shorter average working hours is a challenging exercise. In addition, the conduct of worksharing as a policy scheme is limited by the Lucas critique.
Volume (Year): 9 (2002)
Issue (Month): 1 ()
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