Quotation Zwickl, Klara, Disslbacher, Franziska, Stagl, Sigrid. 2016. Work-sharing for a sustainable economy. Ecological Economics, 121, 246-253.


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Abstract

Achieving low unemployment in an environment of weak growth is a major policy challenge; a more egalitarian distribution of hours worked could be the key to solving it. Whether work-sharing actually increases employment, however, has been debated controversially. In this article we present stylized facts on the distribution of hours worked and discuss the role of work-sharing for a sustainable economy. Building on recent developments in labor market theory we review the determinants of working long hours and its effect on well-being. Finally, we survey work-sharing reforms in the past. While there seems to be a consensus that work-sharing in the Great Depression in the U.S. and in the Great Recession in Europe was successful in reducing employment losses, perceptions of the work-sharing reforms implemented between the 1980s and early 2000s are more ambivalent. However, even the most critical evaluations of these reforms provide no credible evidence of negative employment effects; instead, the overall success of the policy seems to depend on the economic and institutional setting, as well as the specific details of its implementation.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Ecological Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-B, VW-C, WH-B
Language English
Title Work-sharing for a sustainable economy
Volume 121
Year 2016
Page from 246
Page to 253
Reviewed? Y
DOI http://dx.doi.org/10.1016/j.ecolecon.2015.06.009

Associations

People
Zwickl, Klara (Details)
Disslbacher, Franziska (Details)
Stagl, Sigrid (Details)
Organization
Institute for Economic Geography and GIScience IN (Details)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
Institute for Ecological Economics IN (Details)
Economics of Inequality FI (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
2928 Environmental economics (Details)
5334 Political economic policy (Details)
5335 Political economic theory (Details)
5353 Environmental economics (Details)
5914 Environmental research (Details)
5924 Environmental economics (Details)
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