Working time reduction and employment in a finite world*
研究了在效率工资和自然资源（自然资本）不可或缺的增长模型中，缩短工作时间对长期小时工资和就业的影响，发现自然资本稀缺时缩短工作时间能提高就业。
Abstract We study the consequences of a working time reduction (WTR) in a growth model with efficiency wages and an essential natural resource (natural capital), and in which technical progress cannot reduce the resource content of final production to zero. We show that if natural capital is scarce enough, a WTR increases the long‐term levels of the hourly wage and employment. A numerical analysis of the transitory impacts of a WTR confirms that when natural capital is scarcer, a WTR increases employment more and the hourly wage less, with a less negative initial impact on output.