Oh, Seung-Yun; Park, Yongjin; Bowles, Samuel - In: Journal of Economic Behavior & Organization 83 (2012) 2, pp. 218-242
We explain the substantial decline in work hours over the 20th century by the joint influence of the employees’ “pecuniary emulation” of the “conspicuous consumption” of top income earners and the balance of political power of employers and employees in the presence of conflicts of...