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Working time, employment, and work sharing: Evidence from Sweden

Tor Jacobson () and Henry Ohlsson ()
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Tor Jacobson: Research Department, Sveriges riksbank, SE-103 37 Stockholm, Sweden Department of Economics, GÃteborg University, Box 640, SE-405 30 GÃteborg, Sweden

Empirical Economics, 2000, vol. 25, issue 1, 169-187

Abstract: We study three questions which are important for work sharing to increase employment. First, is there a negative long-run relation between working time and employment? Second, are hours per worker exogenous with respect to wages and employment? Third, can policy makers influence actual hours per worker? We formulate a theoretical model for employment, hours per worker, production, and real wages. A VAR model with cointegrating constraints is estimated by maximum likelihood using Swedish private sector data 1970:1-1990:4. We find (i) no long-run relation between hours per worker and employment, (ii) that hours per worker are endogenous with respect to the estimation of long-run parameters, and (iii) that legislated working time and hours per worker are related to each other in the long run.

Keywords: Work sharing; maximum likelihood cointegration; employment; hours per worker; real wages (search for similar items in EconPapers)
JEL-codes: E24 J22 J23 (search for similar items in EconPapers)
Date: 2000-02-14
Note: received: September 1997/final version accepted: June 1999
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Working Paper: Working Time, Employment, and Work Sharing: Evidence from Sweden (1996) Downloads
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