2023-09-28 14:46:10 +00:00
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abstract: 'The ecological macroeconomics literature has developed models, which
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outline the transition from today''s growth-dependent economies to
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post-growth systems where output can be stabilized to limit resource
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con-sumption while good living conditions and high employment are
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ensured. Working time reduction plays a pivotal role in those
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transitional strategies to relax the trade-off between economic growth
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and unemployment. This analysis contributes to the research by
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developing a macroeconomic model where, in contrast to the existing
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models, a sufficient profit rate is the precondition of any
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private-sector economic activity. It is shown that under such
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assumptions working time reduction is not enough to stabilize output but
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is a threat to macroeconomic stability. To make the post-growth
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transition successful, working time reduction must go along with
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supporting economic policies and macroeconomic governance including
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public investment, which controls the private -sector profit rate to
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avoid instability and unemployment.'
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affiliation: 'Oberholzer, B (Corresponding Author), Univ Bern, Bern, Switzerland.
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Oberholzer, Basil, Univ Bern, Ctr Dev \& Environm, Bern, Switzerland.
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Oberholzer, Basil, Univ Bern, Bern, Switzerland.'
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article-number: '107748'
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author: Oberholzer, Basil
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author-email: basil.oberholzer@unibe.ch
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author_list:
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- family: Oberholzer
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given: Basil
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da: '2023-09-28'
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doi: 10.1016/j.ecolecon.2023.107748
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earlyaccessdate: JAN 2023
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eissn: 1873-6106
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files: []
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issn: 0921-8009
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journal: ECOLOGICAL ECONOMICS
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keywords: Economic growth; Post -growth; Working time reduction; Profits
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keywords-plus: 'INCOME-DISTRIBUTION; INEQUALITY; FINANCIALIZATION; STAGNATION;
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EMPLOYMENT; DEMAND; GROWTH; POLICY; WAGE'
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language: English
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month: APR
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number-of-cited-references: '60'
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papis_id: 199219ddd795dcec258228abe818ef9c
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ref: Oberholzer2023postgrowthtransition
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times-cited: '0'
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title: Post-growth transition, working time reduction, and the question of profits
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000964924400001
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usage-count-last-180-days: '5'
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usage-count-since-2013: '5'
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volume: '206'
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web-of-science-categories: Ecology; Economics; Environmental Sciences; Environmental
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Studies
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year: '2023'
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