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Reducing the work week is laudable, but how we go about it is key to achieving the desired effects. Collective bargaining is the ideal instrument to adapt the needs of companies and workers to each business and sectoral reality, in an effective and flexible manner.
Evidence shows that permanent improvements in productivity lead to a gradual reduction in hours worked per employee. In contrast, reversing this order of causality hinders employment growth.
The objectives of this study aim to gauge the impact of the reduction in the legal maximum working hours, pinpoint potentially affected workers, estimate the macroeconomic repercussions, and propose economic policy measures to amplify the posit…
The severe economic consequences of the pandemic and the implementation of furlough schemes have highlighted the important role that working hours can play when adjusting the labor market to the current climate.
