In this article, we demonstrate that a small degree of stochastic variation in the depreciation rate of capital can greatly reduce the comovement between hours worked and labor productivity in a neoclassical growth model. The depreciation rate is modeled as a Markov process to place a strict...

This study investigates whether working time accounts affect the performance of German establishments based on the Establishment Panel from the Institute for Employment Research. The major results are: productivity and investments are positively correlated with working time accounts. No...

There is little known about the effects of staggered-hours programs that affect workers' working schedules to mitigate peak congestion. We examine the effect of workers' morning start times on their wages for Germany. In contrast to previous work based on cross-section data, we demonstrate that...

About half of all employees in Spain are on a daytime split work schedule, i.e. they typically work for 5 h in the morning, take a 2-hour break at lunch time, and work for another 3 h in the afternoon/evening. This paper studies the effects of split work schedule on workers' psychological...