Labour Coefficients Reduction and Working Time Reduction

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

Argomenti, 2016, vol. 4, issue 4, 1-21

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.

Keywords: Technological Unemployment; Working Time (search for similar items in EconPapers)
JEL-codes: E23 J21 O33 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:urb:journl:v:4:y:2016:p:1-21

DOI: 10.14276/1971-8357.557

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