This paper offers a contract-based theory to explain the determination of standard hours,overtime hours and overtime premium pay. We expand on the wage contract literaturethat emphasises the role of firm-specific human capital and that explores problems ofcontract efficiency in the face of...

Using a large firm-level panel dataset from the Chinese National Bureau of Statistics, we examine the effect of financial distortions on FDI inflows in China's labor-intensive industries. Following Whited and Wu (2006), we estimate the investment Euler equation and construct a financing...