Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999
We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model … wages and hours. Then, we consider the effects of a legislation restricting the maximum working time, while we let wages … reductions in working time, starting from the laissez-faire equilibrium solution, always increase employment, while larger …