This paper investigates constraints on desired hours of work using information on hours preferences from the British Household Panel Survey for 1991. Over a third of male manual workers would prefer to work fewer hours at the prevailing wage than they do and the authors estimate that, on...

A key feature of OECD economic growth since the early 1970s has been the secular decline in manufacturing’s share of GDP and the secular rise of service sectors. This Paper examines the role played by relative prices, technology, factor endowments and labour market institutions in the process...