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Real wages, working time, and the great depression: What does micro evidence tell us?

Hart, Robert A.; Roberts, J. Elizabeth - 2010

Based largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are...

Persistent link: https://www.econbiz.de/10010269762

Flexibility at the margin and labor market volatility in OECD countries

Sala, Héctor; Silva, José Ignacio; Toledo, Manuel E. - 2008

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Persistent link: https://www.econbiz.de/10010276682

Real wages over the business cycle: OECD evidence from the time and frequency domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2008

We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10010275887

Effort-Based Career Opportunities and Working Time

Bratti, Massimiliano; Staffolani, Stefano - 2005

In this paper we describe the hypothesis of effort-based career opportunities as a situation in which profit maximizing firms create incentives for employees to work longer hours than the bargained ones, by making career prospects dependent on working hours. When effortbased career opportunities...

Persistent link: https://www.econbiz.de/10010262198

A primer on the 35-hour in France, 1997 - 2007

Askenazy, Philippe - 2008

France has experienced massive changes in its regulation of working time during the last decade. These changes generate natural experiments that may help to study a variety of issues in labor economics, including work sharing effect on job creation or productivity, labor relations or adaptation...

Persistent link: https://www.econbiz.de/10010268711

The detaxation of overtime hours: Lessons from the French experiment

Cahuc, Pierre; Carcillo, Stéphane - 2011

In October 2007 France introduced an exemption on the income tax and social security contributions that applied to wages received for hours worked overtime. The goal of the policy was to increase the number of hours worked. This article shows that this reform has had no significant impact on...

Persistent link: https://www.econbiz.de/10010274652

Explaining the evolution of hours worked and employment across OECD countries: an equilibrium search approach

Langot, François - 2008

Since 1960, the dynamics of the aggregate hours of market work exhibit dramatic differences across industrialized countries. Before 1980, these differences seem to come from the hours worked per employee (the intensive margin). However, since 1980 a notable feature of the data is that the...

Persistent link: https://www.econbiz.de/10010268898

Cyclical variation in labor hours and productivity using the ATUS

Burda, Michael C.; Hamermesh, Daniel S.; Stewart, Jay … - 2012

We examine monthly variation in weekly work hours using data for 2003-10 from the Current Population Survey (CPS) on hours/worker, from the Current Employment Survey (CES) on hours/job, and from the American Time Use Survey (ATUS) on both. The ATUS data minimize recall difficulties and constrain...

Persistent link: https://www.econbiz.de/10010291460

Minimum wages, labor market institutions, and female employment and unemployment: A cross-country analysis

Addison, John T.; Ozturk, Orgul Demet - 2010

This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...

Persistent link: https://www.econbiz.de/10010274565

A general model of technical change with an application to the OECD countries

Heshmati, Almas; Kumbhakar, Subal C. - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10010280731