|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Worksharing and Factor Prices|
|Authors:||Hart, Robert A|
|Citation:||Hart RA (1984) Worksharing and Factor Prices, European Economic Review, 24 (2), pp. 165-188.|
|Abstract:||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'.|
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