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This chapter deals with the question of whether labour standards are less relevant or more relevant for the new world of work which is vastly different from the old world of work when most labour standards were first established. The various rationales for labour standards are first outlined....
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We summarize recent research on the wage and employment effects of minimum wage laws in the U.S. and infer from non-U.S. studies of hours laws the likely effects of unchanging U.S. hours laws. Minimum wages in the U.S. have increasingly become a province of state governments, with the effective...
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to a reallocation of working hours, with more employees shifting from working fulltime to working overtime within the new … overtime hours worked by their employees, rather than within households to compensate for any income effects. Overall, our …
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effects of overtime pay regulation on weekly work schedules. After controlling for workweek trends within industries, the … sharp expansions in overtime pay coverage resulting from legislative amendments and Supreme Court decisions produced no … discernible impact on overtime hours. This finding is consistent with a model of labor market equilibrium in which straight …
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