Jacobson, Tor; Ohlsson, Henry - Economics Institute for Research (SIR), … - 1996
We study three necessary conditions for work sharing to increase employment. First, there must exist a negative long …-run relation between working time and employment. Second, hours per worker must be exogenous with respect to wages and employment …. Third, policy makers must be able to influence actual hours per worker. We formulate a theoretical model for employment …