Reducing working hours in the context of growing real capital mobility |
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Authors: | Gerhard Rübel |
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Institution: | (1) University of Passau, Germany |
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Abstract: | Can the reduction of working hours be a suitable policy instrument to reduce unemployment? The following article presents a model of the effects of such a reduction—without offsetting adjustments to wage rates—on unemployment in the context of growing real capital mobility between countries and discusses the consequences for economic policy. |
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