Poyntner, Philipp. 2016. Beschäftigungseffekte von Arbeitszeitverkürzung. Eine makroökonomische Perspektive. Wirtschaft und Gesellschaft 42 (4), 665-684.
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Abstract
Persistently high unemployment rates in Europa have refueled the discussion of work-sharing as a means to boost employment. Theoretical as well as empirical studies do not reach a consensus whether a shorter working week increases or reduces employment. Empirical studies using microdata often find no or a negative employment effect, whereas time-series models often find a positive relationship. Building on work by Kapteyn et al. (2004), a macroeconomic model is developed to estimate long-run cointegrating relation ships. For a panel of 18 european countries, two enhancements to the literature are made. First, the average working hours of those full employed are used, limiting noise by part-time work. Second, cross-section dependencies are controlled for. The results of the ARDL model suggest a positive relationship between shorter working weeks and employment.
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Status of publication | Published |
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Affiliation | External |
Type of publication | Journal article |
Journal | Wirtschaft und Gesellschaft |
Language | German |
Title | Beschäftigungseffekte von Arbeitszeitverkürzung. Eine makroökonomische Perspektive |
Volume | 42 |
Number | 4 |
Year | 2016 |
Page from | 665 |
Page to | 684 |
Reviewed? | Y |
URL | http://wug.akwien.at/WUG_Archiv/2016_42_4/2016_42_4_0665.pdf |
DOI | na |