Probably an unfortunate choice of words: "provided it does not imply an increase in hourly wage rates." They studied only a situation in which wage increases were prohibited, so they are prudent to be cautious about its broader implications. However, they didn't show that a reduction in standard hours with some wage increase (say tied to productivity increases) couldn't also stimulate employment.
On 6/6/06, Perelman, Michael <[EMAIL PROTECTED]> quoted:
The results support the view that the reduction of the level of standard hours can be effective in stimulating employment provided that it does not imply an increase in hourly wage rates.
-- Sandwichman
