Working time reduction and employment in ...
Type de document :
Compte-rendu et recension critique d'ouvrage
DOI :
Titre :
Working time reduction and employment in a finite world
Auteur(s) :
Fagnart, Jean‐françois [Auteur]
Germain, Marc [Auteur]
Lille économie management - UMR 9221 [LEM]
van der Linden, Bruno [Auteur]
Germain, Marc [Auteur]
Lille économie management - UMR 9221 [LEM]
van der Linden, Bruno [Auteur]
Titre de la revue :
Scandinavian Journal of Economics
Éditeur :
Wiley
Date de publication :
2022-07-20
ISSN :
0347-0520
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
We study the consequences of a working time reduction (WTR) in a growth model with efficiency and an essential natural resource (natural capital) and in which technical progress cannot reduce the resource content of final ...
Lire la suite >We study the consequences of a working time reduction (WTR) in a growth model with efficiency and an essential natural resource (natural capital) and in which technical progress cannot reduce the resource content of final production to zero. We show that if natural capital is scarce enough, a WTR increases the long-term levels of the hourly wage and employment. A numerical analysis of the transitory impacts of a WTR confirms that when natural capital is scarcer, a WTR increases employment more and the hourly wage less, with a less negative initial impact on output.Lire moins >
Lire la suite >We study the consequences of a working time reduction (WTR) in a growth model with efficiency and an essential natural resource (natural capital) and in which technical progress cannot reduce the resource content of final production to zero. We show that if natural capital is scarce enough, a WTR increases the long-term levels of the hourly wage and employment. A numerical analysis of the transitory impacts of a WTR confirms that when natural capital is scarcer, a WTR increases employment more and the hourly wage less, with a less negative initial impact on output.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
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