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A pieceworker receives a fixed rate for each unit ("piece") produced or action performed. In part, the rate reflects a cost of monitoring output. A timeworker receives a fixed wage rate per hour that, in the short term, does not vary with output performance. From the 18th century up to the last...
Persistent link: https://www.econbiz.de/10011456258
Persistent link: https://www.econbiz.de/10010234268
Based on firm‐level payroll data from around 2000 member firms of the British Engineering Employers' Federation we examine the behavior of real hourly earnings over the 1927‐1937 cycle that contained the Great Depression. The pay statistics are based on adult male blue‐collar workers...
Persistent link: https://www.econbiz.de/10009002141
We have assembled two British data sets to re-examine the behaviour of real wages over the 1927-1937 cycle that contained the Great Depression. Both provide a degree of micro detail that greatly exceeds previous studies. The first consists of annual wages for 36 manufacturing industries. The...
Persistent link: https://www.econbiz.de/10008679827
A major objective of the government during the Great Recession has been severely to restrict public sector real wage growth. One potential advantage of performance-related pay schemes is that they naturally offer greater wage responsiveness to fluctuations in the business cycle. Based on...
Persistent link: https://www.econbiz.de/10011135887
In an extension of an earlier paper (Hart and Roberts, 2012), we investigate the pay and working time of blue-collar timeworkers and pieceworkers during the Great Depression within British engineering firms. We compare and contrast southern/midland engineering districts of Britain with northern...
Persistent link: https://www.econbiz.de/10010894667
A pieceworker receives a fixed rate for each unit (“piece”) produced or action performed. In part, the rate reflects a cost of monitoring output. A timeworker receives a fixed wage rate per hour that, in the short term, does not vary with output performance. From the 18th century up to the...
Persistent link: https://www.econbiz.de/10011573644
The British engineering industry experienced extreme production and employment pressures during the rearmament period that preceded the Second World War and in the early war years. Did it react by placing a greater emphasis on incentive-compatible payment methods? This paper examines the...
Persistent link: https://www.econbiz.de/10010267631
Based largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are...
Persistent link: https://www.econbiz.de/10010269762
Based on firm‐level payroll data from around 2000 member firms of the BritishEngineering Employers’ Federation we examine the behavior of real hourly earnings over the1927‐1937 cycle that contained the Great Depression. The pay statistics are based on adultmale blue‐collar workers within...
Persistent link: https://www.econbiz.de/10009465852