The success of Iceland's 'four-day week' trial has been greatly overstated

By Anthony Veal, Adjunct Professor, Business School, University of Technology Sydney

It almost seems too good to be true: a major trial in Iceland shows that cutting the standard five-day week to four days for the same pay needn’t cost employers a cent (or, to be accurate, a krona).

Unfortunately it is too good to be true.

While even highly reputable media outlets such as the BBC have reported on the “overwhelming success” of large-scale trials of a four-day week in Iceland from 2015 to 2019, that’s not actually the case.

The truth is less spectacular — interesting and…

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