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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...
Persistent link: https://www.econbiz.de/10009465830
Using two decades of annual data, we explore the links between real exchange rates and employment, wages and overtime … not have large effects on numbers of jobs or on hours worked. More substantial effects are picked up in industry wages …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The …
Persistent link: https://www.econbiz.de/10005420590
An analysis of working hours, wages, and employment when production requires coordinating the work schedules of …
Persistent link: https://www.econbiz.de/10005428260
From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured as the discrepancy between a representative household's marginal rate of substitution between consumption and leisure and the...
Persistent link: https://www.econbiz.de/10008465686
voluntary market (primarily those with lower skills). We also find that relative wages fell in Hawaii over time, but the …
Persistent link: https://www.econbiz.de/10004965393
What are the sources of wage growth in developing countries? In the US, general labor market experience is the key source of wage growth, with job seniority playing a smaller role. By contrast, in Indonesia, the 10-year return to seniority is 24 to 29%, which is higher than the return to...
Persistent link: https://www.econbiz.de/10010528578
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