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

Carlos A. Pérez Domínguez

  • 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.


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