DOES A REDSUCTION IN THE LENGHT OF THE WORKING WEEK REDUCE UNEMPLOYMENT? SOME EVIDENCE FROM THE ITALIAN ECONOMY DURING THE GREAT DEPRESSION

Fabrizio Mattesini () and B. Quintieri

Departmental Working Papers from Tor Vergata University, CEIS

Abstract: This paper studies the Italian labor market during the 1930s. Using monthly data both at the aggregate and sectoral level we evaluate the effects of the introduction, in 1934, of the 40 hours working week on the demand for labor. The results support the view that the reduction of the level of standard hours can be effective in stimulating employment provided that it does not imply an increase in hourly wage rates.

Date: 2000-11

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Persistent link: http://EconPapers.repec.org/RePEc:rtv:ceiswp:127

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