Arbeitspapier

Hours, Employment, and Earnings of American Manufacturing Workers from the Nineteenth to the Twenty-First Centuries

For a century, two labor market empirical regularities characterized the movements of the hours of work, employment, and hourly compensation of American manufacturing production workers. They resembled conditional labor supply functions. Increases in employment substituted for reductions in hours per worker. The implied elasticities of hours and employment with respect to hourly earnings declined in absolute value over time. The activities of trade unions and the effects of statutory legislation contribute to the explanations for what is observed. Recently,changes in real hourly earnings contribute little to understanding movements in hours of work and in employment of these workers.

Language: Englisch

Bibliographic citation: Series: IZA Discussion Papers ; No. 14175

Classification: Wirtschaft
Time Allocation and Labor Supply
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: 1913-

Subject: hours
employment
hourly compensation
labor supply

Event: Geistige Schöpfung

(who): Pencavel, John

Event: Veröffentlichung

(who): Institute of Labor Economics (IZA)

(where): Bonn

(when): 2021

Handle: http://hdl.handle.net/10419/232927

Last update: 10.03.2025, 11:42 AM CET

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Object type

Arbeitspapier

Associated

Pencavel, John
Institute of Labor Economics (IZA)

Time of origin

2021

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Hours, Employment, and Earnings of American Manufacturing Workers from the Nineteenth to the Twenty-First Centuries

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Other Objects (12)

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