uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The economic effects of the 1920 eight-hour working day reform in Sweden
Lund Univ, Dept Econ Hist, Lund, Sweden; Univ Gothenburg, Dept Econ & Soc, Gothenburg, Sweden.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economic History.ORCID iD: 0000-0003-3427-5515
2017 (English)In: Scandinavian Economic History Review, ISSN 0358-5522, E-ISSN 1750-2837, Vol. 65, no 2, p. 149-168Article in journal (Refereed) Published
Abstract [en]

In 1920, the working day in Swedish manufacturing and services was cut from 10 to 8 hours without wages being cut correspondingly. Since workers demanded and got the same daily wage working 8 hours as they had with 10, real hourly wages increased dramatically; they were about 50% higher in 1921–1922 than they had been in 1919. This is the largest wage push in Swedish history, and this paper studies the consequences for profits, investments, capital intensity and unemployment. In traded manufacturing employers responded by increasing capital intensity and did not compensate for rising wages by raising prices, which led to a combination of jobless growth and low profit rates in the 1920s. Firms in non-traded manufacturing and services could raise prices and conserve profitability to a higher degree. In total, the effects of the reform were pro-labour. We discuss the implications for our understanding of interwar wages and employment, the literature on the decrease in inequality found in most industrial countries around 1920 and the rise of the ‘Swedish model’ in the 1920s and 1930s.

Place, publisher, year, edition, pages
Routledge, 2017. Vol. 65, no 2, p. 149-168
Keyword [en]
Wages, working hours, income distribution, employment, Sweden
National Category
Economic History
Research subject
Economic History
Identifiers
URN: urn:nbn:se:uu:diva-316544DOI: 10.1080/03585522.2017.1290673ISI: 000423986800005OAI: oai:DiVA.org:uu-316544DiVA, id: diva2:1078139
Available from: 2017-03-02 Created: 2017-03-02 Last updated: 2018-03-09Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records BETA

Molinder, Jakob

Search in DiVA

By author/editor
Molinder, Jakob
By organisation
Department of Economic History
In the same journal
Scandinavian Economic History Review
Economic History

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 468 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf