Working time, employment, and work sharing: Evidence from Sweden |
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Authors: | Tor Jacobson Henry Ohlsson |
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Institution: | Research Department, Sveriges riksbank, SE-103 37 Stockholm, Sweden (e-mail: tor.jacobson@riksbank.se), SE Department of Economics, G?teborg University, Box 640, SE-405 30 G?teborg, Sweden (e-mail: henry.ohlsson@economics.gu.se), SE
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Abstract: | We study three questions which are important for work sharing to increase employment. First, is there a negative long-run
relation between working time and employment? Second, are hours per worker exogenous with respect to wages and employment?
Third, can policy makers influence actual hours per worker? We formulate a theoretical model for employment, hours per worker,
production, and real wages. A VAR model with cointegrating constraints is estimated by maximum likelihood using Swedish private
sector data 1970:1–1990:4. We find (i) no long-run relation between hours per worker and employment, (ii) that hours per worker
are endogenous with respect to the estimation of long-run parameters, and (iii) that legislated working time and hours per
worker are related to each other in the long run.
First version received: September 1997/final version accepted: June 1999 |
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Keywords: | : Work sharing maximum likelihood cointegration employment hours per worker real wages |
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