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costly additional production resources or using overtime. We, furthermore, assume that the revenue of the project decreases …
Persistent link: https://www.econbiz.de/10011942632
A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy....
Persistent link: https://www.econbiz.de/10014400528