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This paper investigates how people's happiness depends on their current activities and on time. We conducted an hourly web survey, in which 70 students reported their happiness every hour on one day every month from December 2006 to February 2008. This method is an extension of the experience...
Persistent link: https://www.econbiz.de/10010476226
employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … invariant to the minimum wage rate. If workers are risk averse and imprudent (which is the empirically likely case), then …
Persistent link: https://www.econbiz.de/10003887172
employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … invariant to the minimum wage rate. If workers are risk averse and imprudent (which is the empirically likely case), then …
Persistent link: https://www.econbiz.de/10003897515
Persistent link: https://www.econbiz.de/10003929268
employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … invariant to the minimum wage rate. If workers are risk averse and imprudent (which is the empirically likely case), then …
Persistent link: https://www.econbiz.de/10013155584
employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … invariant to the minimum wage rate. If workers are risk averse and imprudent (which is the empirically likely case), then …
Persistent link: https://www.econbiz.de/10013316315
We document that declining hours worked are the primary driver of widening inequality in the bottom half of the male labor earnings distribution in the United States over the past 52 years. This decline in hours is heavily concentrated in recessions: hours and earnings at the bottom fall sharply...
Persistent link: https://www.econbiz.de/10012481540
Persistent link: https://www.econbiz.de/10012254371