KI: Shorter Working Hours May Reduce GDP

Sweden's GDP would decrease if legislation on shorter working hours were introduced, shows a new report from the National Institute of Economic Research, which Sveriges Radio Ekot has taken part of.

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KI: Shorter Working Hours May Reduce GDP
Photo: Pontus Lundahl/TT

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Based on last year's GDP, a reduction from 40 to 38 hours per week would mean a loss of 230 billion kronor of the total production.

However, the reduction would most likely only be temporary.

It's a dip in the curve, then GDP will continue to grow at the same rate as before with the highest probability. So after a while, you'll have caught up on the lost GDP, says report author Jonas Kolsrud, who researches national economics at Linnaeus University.

The report also highlights that research on working hours and health shows that primarily middle-aged and older employees benefit from working less.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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