Overtime work, overtime compensation and the distribution of economic well-being : evidence for West Germany and Great Britain
Markus Pannenberg; Gert G. Wagner
Using panel data for West Germany and Great Britain, we show that there are striking differences in overtime work and overtime compensation in the two countries in the 1990s. Our estimates reveal that the observed overtime patterns affect both the evolution of the monthly labour earnings distribution and individual economic well-being differently in West Germany and Great Britain. Besides varying labour market institutions in the two countries a higher incidence of a combination of performance-related pay and unpaid overtime in Great Britain is an important factor in explaining the observed differences. With regards to West Germany, we show that the current policy of transforming paid overtime in "working time accountsʺ, which is conducted in the spirit of "work-sharingʺ, is neither beneficial for employed workers in terms of income mobility, nor in terms of overall job satisfaction nor in terms of working time preferences.
Year of publication: |
2001
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Authors: | Pannenberg, Markus ; Wagner, Gert G. |
Publisher: |
Bonn : IZA |
Subject: | Überbeschäftigung | Overemployment | Lohn | Wages | Arbeitszeitgestaltung | Working time arrangement | Einkommenseffekt | Income effect | Beschäftigungseffekt | Employment effect | Schätzung | Estimation | Vergleich | Comparison | Deutschland | Germany | Großbritannien | United Kingdom | 1991-1998 |
Saved in:
freely available
Extent: | 24, III S. graph. Darst. |
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Series: | Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit. - Bonn : IZA, ZDB-ID 2084898-5. - Vol. 318 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10001610707