Work‐sharing During the Great Depression
Did the ‘President's Reemployment Agreement’ Promote Reemployment
Bibliographic Data
| ID | 9726889 |
|---|---|
| Authors | Jason E Taylor (0000-0001-9680-2478, Central Michigan University, corresponding author) |
| Year | 2011 |
| Volume | 78 |
| Issue | 309 |
| Pages | 133-158 |
| Publication date | 2011-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2009.00804.x |
| OpenAlex | W1533270954 |
| Language | EN |
| Citations received | 14 |
| References cited | 30 |
The President's Reemployment Agreement (PRA) of 1933 directed firms to reduce workweeks during the Great Depression so existing jobs could be spread into additional employment opportunities. Similar ‘work‐sharing’ policies have recently been implemented across Europe in hopes of reducing unemployment. I find that, ceteris paribus , the work‐sharing aspects of the PRA created nearly 2.5 million new employment opportunities in around four months. However, the programme also required firms to raise hourly wage rates, offsetting close to half of these gains. Furthermore, most of the remaining employment gains were wiped out after cartel‐oriented industry‐specific codes of fair competition supplanted the PRA
Business · Cartel · Ceteris paribus · Competition (biology) · Depression (economics) · Economic growth · Economics · Great Depression · Incentive · Labour economics · Macroeconomics · Market economy · Political science · Unemployment · Wage · Work (physics) · Economic Policies and Impacts · Engineering · Gender, Labor, and Family Dynamics · Labor market dynamics and wage inequality · Law
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The economics of degrowth
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Effects of New Deal Spending and the downturns of the 1930s on private labor markets in 1939/1940
Cementing the case for collusion under the National Recovery Administration
Monopsony power in the United States
Estimates of employment gains attributable to beer legalization in spring 1933
The effect of institutional regime change within the new deal on industrial output and labor markets
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Labor Earnings Inequality in Manufacturing during the Great Depression
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A New Deal for the American People
The Impact of the National Industrial Recovery Act on Cartel Formation and Maintenance Costs
Another Look at the Impact of the National Industrial Recovery Act on Cartel Formation and Maintenance Costs
The National Recovery Administration
The National Recovery Administration
The National Recovery Administration
New Deal Policies and the Persistence of the Great Depression
Employed 40 Hours or Not Employed 39
Failed Cooperation in Heterogeneous Industries Under the National Recovery Administration
Cementing the case for collusion under the National Recovery Administration
The effect of institutional regime change within the new deal on industrial output and labor markets
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The Employment Effects of Shorter Working Hours
The Dynamics of Relief Spending and the Private Urban Labor Market During the New Deal
Why Did Prices Rise in the 1930s
Out of Work
| Unique citing works | 14 |
|---|---|
| Citations per year | 1 |
| Citation span | 2012 - 2024 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 13 |