Hart, Robert A. (contributor) - 2006
hourly wage earnings. With no overtime, y
H
= w where w is the basic wage
rate. With overtime y
H
= wh
s
+ kw(h -h
s … among the hourly wage, earnings divided by hours, and earnings are very important to the
approaches of Devereux (2001) and … generally in line
with equivalent results shown by Devereux (2001, Table 2). The hourly wage is
acyclical. Earnings divided …