| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2155 |
| DP2155 Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence | |
| Richard Baldwin; Rikard Forslid; Henrik Braconier | |
| 发表日期 | 1999-05-31 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated economy where large firms and individual workers freely negotiate wages and hours. Then, we consider the effects of a legislation restricting the maximum working time, while we let wages respond endogenously. In general, this regulation benefits workers, both unemployed and employed (even if wages decrease), but reduces profits and and output. Employment effects are sensitive to the representation of preferences. In our benchmark, small reductions in working time, starting from the laissez-faire equilibrium solution, always increase employment, while larger reductions reduce employment. However, the employment gains from reducing working time are relatively small |
| 主题 | Labour Economics |
| 关键词 | Hours reduction Leisure Search Unemployment Working time Wage Work sharing |
| URL | https://cepr.org/publications/dp2155 |
| 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/531264 |
| 推荐引用方式 GB/T 7714 | Richard Baldwin,Rikard Forslid,Henrik Braconier. DP2155 Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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