Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999
reductions in working time, starting from the laissez-faire equilibrium solution, always increase employment, while larger … reductions reduce employment. However, the employment gains from reducing working time are relatively small …We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model …