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We investigate whether working time is related to the intensity of income comparisons and relative income. Our simple theoretical model demonstrates that the effects of relative income concerns depend on whether an individual can choose contractual working hours and/or overtime. In the empirical...
Persistent link: https://www.econbiz.de/10010337852
This study examines the short-term effects of the introduction of a statutory minimum wage in Germany on hourly wages, monthly wages and paid working hours. We exploit a novel panel dataset by linking the Structure of Earnings Survey (SES) 2014 and the Earnings Survey (ES) 2015 and apply a...
Persistent link: https://www.econbiz.de/10015332019
Contrary to much of the established literature, this paper finds that though many older workers would prefer to reduce their working hours (the overemployed), there is a significant group who would like to work longer hours (the underemployed). And contrary to the assumption that the...
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In December 2024, Spain's government reached an agreement with the country's major trade unions to reduce the standard workweek to 37.5 hours without wage cuts by the end of 2025. This paper provides an ex-ante assessment of the proposed reform using EUROLAB, a discrete choice labour supply...
Persistent link: https://www.econbiz.de/10015408771
This paper sets out to provide an understanding of how individuals form their preferences over the extent of their paid work involvement - their working time preferences - in different work environments and societal contexts. The main objective of the empirical analysis is to investigate how...
Persistent link: https://www.econbiz.de/10011632752
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