全球智库信息集成服务系统(G2TT): DP1548 A Portfolio Approach to a Cross-sectoral and Cross-National Investment Strategy in Transition Economies

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP1548
	DP1548 A Portfolio Approach to a Cross-sectoral and Cross-National Investment Strategy in Transition Economies
	Willem Buiter; Ricardo Lago; Helene Rey
发表日期	1997-01-31
出版年	1997
语种	英语
摘要	A transformation of what had become a universal 40-hour standard working week in Germany began in 1985 with reductions negotiated in the metal-working and printing sectors. These reductions have continued through 1995, and were followed by reductions in other sectors. The union campaign aimed to increase employment through ?work-sharing?, and is being emulated in the United States with the launch of a reduced hours campaign by the AFL-CIO. Using data from the German Socio-Economic Panel, I find that increased overtime or reduced short time was little used to offset the reduction in standard hours: a one-hour reduction in standard hours appears to have translated into a reduction in actual hours worked of between 0.85 and 1 hour for workers in manufacturing. One might expect this to have resulted in a loss of earnings for workers in affected industries. I substantiate the union?s claim of ?full wage compensation?, however: reductions in standard hours were accompanied by a relative rise in the hourly straight-time wage of 2?3% for each hour fall in standard hours; enough to keep monthly earnings the same as in unaffected industries.
关键词	Employment Hours Unions Wages Work-sharing
URL	https://cepr.org/publications/dp1548
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/530691
推荐引用方式 GB/T 7714	Willem Buiter,Ricardo Lago,Helene Rey. DP1548 A Portfolio Approach to a Cross-sectoral and Cross-National Investment Strategy in Transition Economies. 1997.