abstract: 'The ecological macroeconomics literature has developed models, which

  outline the transition from today''s growth-dependent economies to

  post-growth systems where output can be stabilized to limit resource

  con-sumption while good living conditions and high employment are

  ensured. Working time reduction plays a pivotal role in those

  transitional strategies to relax the trade-off between economic growth

  and unemployment. This analysis contributes to the research by

  developing a macroeconomic model where, in contrast to the existing

  models, a sufficient profit rate is the precondition of any

  private-sector economic activity. It is shown that under such

  assumptions working time reduction is not enough to stabilize output but

  is a threat to macroeconomic stability. To make the post-growth

  transition successful, working time reduction must go along with

  supporting economic policies and macroeconomic governance including

  public investment, which controls the private -sector profit rate to

  avoid instability and unemployment.'
affiliation: 'Oberholzer, B (Corresponding Author), Univ Bern, Bern, Switzerland.

  Oberholzer, Basil, Univ Bern, Ctr Dev \& Environm, Bern, Switzerland.

  Oberholzer, Basil, Univ Bern, Bern, Switzerland.'
article-number: '107748'
author: Oberholzer, Basil
author-email: basil.oberholzer@unibe.ch
author_list:
- family: Oberholzer
  given: Basil
da: '2023-09-28'
doi: 10.1016/j.ecolecon.2023.107748
earlyaccessdate: JAN 2023
eissn: 1873-6106
files: []
issn: 0921-8009
journal: ECOLOGICAL ECONOMICS
keywords: Economic growth; Post -growth; Working time reduction; Profits
keywords-plus: 'INCOME-DISTRIBUTION; INEQUALITY; FINANCIALIZATION; STAGNATION;

  EMPLOYMENT; DEMAND; GROWTH; POLICY; WAGE'
language: English
month: APR
number-of-cited-references: '60'
papis_id: 199219ddd795dcec258228abe818ef9c
ref: Oberholzer2023postgrowthtransition
times-cited: '0'
title: Post-growth transition, working time reduction, and the question of profits
type: article
unique-id: WOS:000964924400001
usage-count-last-180-days: '5'
usage-count-since-2013: '5'
volume: '206'
web-of-science-categories: Ecology; Economics; Environmental Sciences; Environmental
  Studies
year: '2023'