The contemporary context of unemployment and its political
ramifications have made working time a highly topical and sensitive
issue, not merely in the EU, but also in other areas of the global
labor market. This illuminating book reviews the traditional
doctrines concerning working time that are influencing political
and intellectual attitudes. The authors illustrate how tools of
microeconomic analysis must be modified to explain better the terms
of contemporary labor contracts. They introduce powerful concepts
such as a generalized production function, cost structure,
compensating wage and trade union negotiation, to highlight the
scope for political intervention on working time. Emphasis is
placed on the analysis of legal time reductions as an employment
policy. Taking into consideration new research and renewed
political debate, this is an exhaustive text grounded in historical
perspective and contemporary facts. By focusing on working time as
a central issue of modern societies, this important book will be an
invaluable text for scholars as well as decision-makers in the
areas of industrial and labor economics.
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