Working time reduction and employment in ...
Document type :
Compte-rendu et recension critique d'ouvrage
DOI :
Title :
Working time reduction and employment in a finite world
Author(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]
Journal title :
Scandinavian Journal of Economics
Publisher :
Wiley
Publication date :
2022-07-20
ISSN :
0347-0520
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [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 ...
Show more >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.Show less >
Show more >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.Show less >
Language :
Anglais
Popular science :
Non
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