is to reduce overtime work in order to allow the employment of more people. This paper suggests that such a concept faces … unemployed, namely the unskilled, also exhibit low levels of overtime work. Those who work overtime, namely the skilled, face … reduction in overtime will lead to less production and hence also to a decline in the level of unskilled employment. The paper …

This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … explore a simple wage-hours contract without overtime and show that incorporating hours into the contract may itself produce … efficiency gains. We then show how the introduction of overtime hours, remunerated at premium rates, can further improve contract …

frequently. These hypotheses are tested using days of absence and overtime work as effort indicators. The tests yield that …