Working Time Regulation, Unequal Lifetimes and Fairness
We examine the redistributive impact of working time regulations in an economy with unequal lifetimes. We first compare the laissez-faire equilibrium with the ex post egalitarian optimum, where the realized lifetime well-being of the worst o§ (usually the short-lived) is maximized, and show that, unlike the laissez-faire, this social optimum involves an increasing working time age profile and equalizes the realized lifetime well-being of the short-lived and the long-lived. We then examine whether working time regulations can compensate the short-lived. It is shown that uniform working time regulations cannot improve the situation of the short-lived with respect to the laissez-faire, and can only reduce well-being inequalities at the cost of making the short-lived worse o§. However, age-specific regulations involving lower working time for the young and higher working time for the old make the short-lived better o§, even though such regulations may not fully eradicate well-being inequalities.
Year of publication: |
2018
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Authors: | Leroux, Marie-Louise ; Ponthiere, Gregory |
Publisher: |
Montréal : Université du Québec à Montréal, École des sciences de la gestion (ESG UQAM), Département des sciences économiques |
Saved in:
freely available
Series: | Document de travail ; 2018-09 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | hdl:10419/234764 [Handle] |
Source: |
Persistent link: https://www.econbiz.de/10012542467
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