Effects of a reduction of standard working hours on labour market performance

• C. Pérez-Domínguez ^[1]
  1. [1] Universidad de Valladolid
• Localización: Essays on microeconomics and industrial organisation / coord. por Pablo Coto Millán, 2002, ISBN 3-7908-1390-7, págs. 237-252
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • In recent years many people have proposed a general reduction of the number of working hours as an effective measure to reduce unemployment rates in the European countries. This proposal has had a strong effect on public opinion, since the “working-less-for-everyone-to-be-able-to-work” assumption seems to be a self-evident truth. But there is a fallacy involved in this assumption: the labour market is rather dynamic and neither the jobs available nor the number of applicants have to remain fixed when the standard working hours are reduced by legal means.