The consequences of a shorter working time: some lessons from a general equilibrium analysis

Pierre Cahuc and Pierre Granier
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Pierre Granier: GREQAM, Université d’Aix-Marseille II

No 1997012, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: The aim of this paper is to examine, both at partial and general equilibrium, the consequences of work sharing policies, when the wages, the length of the working time and the participation rates are endogenous, in an economy where workers get utility from leisure. It is shown that the effects of a shorter working time are very different at the firm level and at the aggregate level. At a steady state, a decrease in working-time is likely to increase employment at the firm level, but reduces employment and welfare at the aggregate level.

JEL-codes: D5 J2 J5 J6 (search for similar items in EconPapers)
Pages: 19
Date: 1997-03-01
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvre:1997012

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