Fagnart, Jean-François; Germain, Marc; Van der Linden, … - 2021
We study the consequences of a working time reduction (WTR hereafter) in an exogenous growth model with unemployment … unlimited, the economy converges toward a balanced growth path and a WTR lowers the levels of output, employment and wages along … productivity is bounded by physical laws. In the laissez-faire equilibrium, firms set headcount employment, working time and a wage …