We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...

Following an old economic literature dealing with work sharing, the aim of this paper is to review the theoretical effects on unemployment and inequality we may expect from a working time reduction (WTR). To do so, we begin considering labour demand models and we go through general equilibrium...