On the new (and anonymous) Economist blog, Maybe Megan McArdle writes:
A new working paper from the IMF
looks at the impact of the 35-hour working week in France, where it has
been imposed by law on large firms since 2000. The authors, Marcello
Estevao and Filipa Sa, find that the 35-hour week has:(i) encouraged workers in large firms to take second jobs, or to move to small firms where the 35-hour week is not obligatory;
(ii) driven up hourly wage costs for large firms;
(iii) probably had "no significant impact" on aggregate employment;
and
(iv) brought no significant increase in worker satisfaction, as measured by the Eurobarometer opinion survey series.
I usually doubt the kind of questionnaire evidence that would go into the kind of judgment represented by iv), but nonetheless this is worth reporting.
But would the French be truly happy if they were happy?
How can I get a 35 hour work week in the USA?
The libertarian theory says I “negotiate” with firm owners for my wages.
Everywhere I’ve ever been they look at me like I have 3 eyes when I try to “negotiate” my number of hours.
Now perhaps people do not need to “extend” the working hours to compete for their working diligence .
delirious: ‘Everywhere I’ve ever been they look at me like I have 3 eyes when I try to “negotiate” my number of hours.’
Quadropole is correct. A worker – a non-union worker, that is – has much more leverage after he has proven his value to the employer. I’ve seen both half-time and full-time workers sucessfully negotiate 30 hours weeks. But all had at least a year with their employers.
“utility is separable as consumption and leisure”
In the model, the happiness is measure by the wages. and the survey data analysis and almost all part of the data analysis is for the happiness when working, esp. for the survey data which only focuses on working hour ( not wages, so not about the consumption).
1. The French is happy within their working hour does not mean that they can enjoy their personal life outside of working hour
2. When working, it may not necessarily be sue to very happy.
3. People with less working hour is not happy, maybe because of people with less working hour tend to be people with more labor intensive and boring work.
for production
1.it may only contribute to the full time worker
2.wage may not necessarily be paid by hour,but directly linked to the percentage of the production profitability
3.even the large scale of the workers could lower the turnover rate in case of the loss of employment by enhancing internal coordination.
The hourly wage cost may not be caused by the competition between the small and big firms, but be boomed by the increase of the human capital return,which is helped by the new law to reduce the internal conflicts.
Everyone get what they want and deserves to earn and then to consume and have fun, so they feel happier.
Don’t tell my boss, but I already work a 35 hour week.
Of course, he works a 34-hour week. So maybe it’s ok.
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