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Worksharing and Factor Prices

Hart RA (1984) Worksharing and Factor Prices, European Economic Review, 24 (2), pp. 165-188.

The aspect of worksharing on which this paper concentrates concerns an increase in the firm's workforce offset by a reduction in average working hours. Emphasis is given to the effect of relative factor prices on worksharing within a model structure which includes the capital stock and worker productivity as endogenous inputs. Factor prices include all the main categories of wage and non-wage labour payments as well as the user cost of capital. Special attention is given to the role of non-wages, both quasi-fixed and variable. An analysis of the effects of marginal employment subsidies on worksharing is also considered with reference to the French 'solidarity contracts'.

AuthorsHart Robert A
Publication date03/1984
ISSN 0014-2921

European Economic Review: Volume 24, Issue 2 (MAR 1984)

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