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We study the consequences of a working time reduction (WTR hereafter) in a growth model with efficiency wages and an essential natural resource (natural capital). Considering that technical progress cannot reduce the resource content of final production to zero, we show that the effects of a WTR...
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Chapter 1: Innovation: engine of economic growth (and employment) -- Chapter 2: The technological revolution: The rise of machines -- Chapter 3: The technological revolution: professions at risk and new jobs -- Chapter 4: Constraints to economic growth: Sustainability, happiness and other issues...
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The Covid-19 pandemic has revealed the weaknesses of globalisation, exposed the fragility of the current growth model, and accelerated the ongoing tech revolution. The world is increasingly facing the risk of decoupling between growth and employment, of a jobless growth with a disconnect between...
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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...
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