Les 35 heures : nouveaux emplois ou nouveau chômage ?

This article reminds us that by reforming its labor market New Zeland has succeeded in decreasing unemployment from 10,3 % to 6,1 % . By doing so, it has boostesd its growth rate by 4,5 % and 6,2 % respectively in 1993 and 1994. This article also shows that decreasing the legal weekly working time to 35 hours can have an effect on unemployment as far as the costs that are not compensated by increases in productivity are compensated by wage reductions.

AFTALION, F. (1997). Les 35 heures : nouveaux emplois ou nouveau chômage ? La Tribune.