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Labour Coefficients Reduction and Working Time Reduction

Author

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  • Sebastiano Fadda

    (Professore Ordinario di Economia Politica, Facoltà di Economia, Università Roma Tre)

Abstract

The present path and nature of technological innovation is such as to reduce dramatically the labour coefficients in the production processes nearly in every sector and surely in the productive system taken as a whole. This issue, which is linked to the concept of “technological unemployment†evoked by Keynes, is considered both under a theoretical and an empirical perspective, and it leads to explore the most viable way out of the problem of this kind of unemployment, which is the shortening of the working time. The paper explores the complexity, the technical problems and some policy implications of this solution. Finally, some intermediate, less radical, measures in this direction are considered.

Suggested Citation

  • Sebastiano Fadda, 2016. "Labour Coefficients Reduction and Working Time Reduction," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 4(4), pages 1-21, May-Augus.
  • Handle: RePEc:urb:journl:v:4:y:2016:p:1-21
    DOI: 10.14276/1971-8357.557
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    References listed on IDEAS

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    Cited by:

    1. Marco Modica & Roberto Zoboli & Elena Pagliarino, 2017. "Mapping the environmental pressure due to economic factors. The case of Italian coastal municipalities," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 8(8), pages 1-33, September.
    2. Donata Favaro & Eniel Ninka & Margherita Turvani, 2018. "Human capital, technology intensity, and growth in a regional context," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 9(9), pages 1-22, January-A.

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    More about this item

    Keywords

    Technological Unemployment; Working Time;

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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