Arbeitspapier
Why Do Firms Pay an Overtime Premium?
We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For those weekly hours for which a premium is paid, worker compensation exceeds the value of marginal product. There is an optimal automatic compensatory differential rule between straight-time wages and the premium, and this provides new theoretical insights into recent empirical work in this area. Implications of imposing mandatory rules for premium pay and hours of work are also assessed.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 163
- Klassifikation
-
Wirtschaft
Labor Contracts
Compensation Packages; Payment Methods
- Thema
-
Overtime premium
human capital
asymmetric information
mandatory overtime rules
Überstunden
Arbeitsvertrag
Effizienzlohn
Humankapital
Asymmetrische Information
Unvollständiger Vertrag
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hart, Robert A.
Ma, Yue
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hart, Robert A.
- Ma, Yue
- Institute for the Study of Labor (IZA)
Entstanden
- 2000
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