Study: Eliminating Holidays Does Not Help the Economy
7 Articles
7 Articles
Researchers have investigated specific cases, including the abolition of penitence and bedtime in almost all federal states in 1995. Their conclusion is clear.
A recent study by the Hans Böckler Foundation shows that abolishing public holidays does not increase economic performance. Quite the opposite: In several cases, the economy performed better where public holidays were retained or newly introduced.
From the Hans-Böckler-Institut, the research institute of the German Trade Union Confederation, the customer insists that the abolition of holidays does not have a negative impact on economic growth. In other words, the more work for a day does not matter, which is why one does not have to abolish a holiday either: "In summary, it can be said that when considering concrete changes in the...
Is economic performance really rising when holidays fall away? A research institute close to the union has examined real cases, including changes in Saxony and Thuringia.
Researchers at the Institute for Macroeconomics and Business Cycle Research (IMK) doubt the growth-boosting effect that other experts hope for from the cancellation of a public holiday.
The researchers found "no evidence that the abolition of holidays increases economic performance", as the Institute for Macroeconomics and Economic Research (IMK) of the Hans-Böckler-Stiftung, close to the trade union, reported.For the study, the experts investigated six concrete cases in which holidays free of work have been cancelled or reintroduced in Germany or in individual federal states over the past 30 years. IMK: Equation to simple"In o…
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