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The Economic Research Institute, Stockholm School of Economics SSE/EFI Working Paper Series in Economics and Finance

No 135:
Working Time, Employment, and Work Sharing: Evidence from Sweden

Tor Jacobson () and Henry Ohlsson ()

Abstract: 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, hours peer worker, production, and real wages. A VAR system with cointegrating constraints is estimated by maximum likelihood using Swedish private sector data 1970-1- 1990:4 We find (I) no long-run relation between hours per worker and employment, (II) that hours per worker are endogenous with respect to the estimation of long-run parameters, and (III) that legislated working time and hours per worker are related to each other in the long run.

Keywords: Work sharing; maximum likelihood cointegration; employment; hours per worker; real wages; (follow links to similar papers)

JEL-Codes: E24; J22; J23; (follow links to similar papers)

21 pages, November 1996

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This paper is published as:
Jacobson, Tor and Henry Ohlsson, (2000), 'Working Time, Employment, and Work Sharing: Evidence from Sweden', Empirical Economics, Vol. 25, No. 1, pages 169-187

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