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

Author

Listed:
  • Pierre CAHUC

    (MAD, Université de Paris I)

  • Pierre GRANIER

    (GREQAM, Université d’Aix-Marseille II)

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.

Suggested Citation

  • Pierre CAHUC & Pierre GRANIER, 1997. "The consequences of a shorter working time : some lessons from a general equilibrium analysis," Discussion Papers (REL - Recherches Economiques de Louvain) 1997012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1997012
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    File URL: http://sites.uclouvain.be/econ/DP/REL/1997012.pdf
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    Citations

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    Cited by:

    1. Regt E de, 1999. "Wage Bargaining, Working Time and Unemployment," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    2. Jean‐François Fagnart & Marc Germain & Bruno Van der Linden, 2023. "Working time reduction and employment in a finite world," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(1), pages 170-207, January.
    3. Fabrice Gilles & Yannick L'Horty, 2003. "Reducing working time and inequality: what has the French 35-hour work week experience taught us?," Documents de recherche 03-07, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    4. de Regt, E.R., 1999. "Wage bargaining, working time and unemployment," Research Memorandum 027, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

    More about this item

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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