In this paper, we analyse the consequences of reducing working time on unemployment and growth in an overlapping generations model with negotiated wages, capital accumulation and firms creation. A partial equilibrium analysis shows that a lower working time can raise employment. However, a...

The aim of this paper is to examine, both at partial and general equilibrium, the consequences of work sharing policies, when the wages, the length of the working time and the participation rates are endogenous, in an economy where workers get utility from leisure. It is shown that the effects...