Hours and Wages.

Autor/inn/en	Bick, Alexander; Blandin, Adam; Rogerson, Richard
Titel	Hours and Wages. Gefälligkeitsübersetzung: Arbeitsstunden und Löhne.
Quelle	In: The quarterly journal of economics, 137 (2022) 3, S. 1901-1962 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0033-5533; 1531-4650
DOI	10.1093/qje/qjac005
Schlagwörter	Lebensalter; Elastizität; Lebensalter; Lohn; Mann; USA; Qualifikation; Arbeitszeit; Wochenarbeitszeit; Lohnentwicklung; Überstunde; Lohnhöhe; Elastizität; Einkommenseffekt; Lohn; Lohnentwicklung; Lohnhöhe; Vollzeitarbeit; Arbeitskräfteangebot; Arbeitszeitentwicklung; Erwerbstätiger; Qualifikation; Wochenarbeitszeit; Arbeitszeit; Einflussfaktor; Zeitverwendung; Überstunde; Mann; USA
Abstract	"We document two robust features of the cross-sectional distribution of usual weekly hours and hourly wages. First, usual weekly hours are heavily concentrated around 40 hours, while at the same time a substantial share of total hours come from individuals who work more than 50 hours. Second, mean hourly wages are nonmonotonic across the usual hours distribution, with a peak at 50 hours. We develop and estimate a model of labor supply to account for these features. The novel feature of our model is that earnings are nonlinear in hours, with the extent of nonlinearity varying over the hours distribution. Our estimates imply significant wage penalties for people who deviate from 40 hours in either direction, leading to a large mass of people who work 40 hours and are not very responsive to shocks. This has important implications for the role of labor supply as a mechanism for self-insurance in a standard heterogeneous-agent incomplete-markets model and for empirical strategies designed to estimate labor supply parameters." The study refers to the period 1995-2007. (Author's abstract, IAB-Doku)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2023/1