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Working Hours and Hedonic Wages in the Market Equilibrium

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  • Kinoshita, Tomio
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    Abstract

    In the conventional model of labor supply, working hours are implicitly assumed to be divisible goods, which is an obviously unrealistic assumption. The purpose of this paper is to analyze working hours as indivisible goods. When working hours are indivisible, labors are differentiated in the market by their length, and wages will be a function of working hours. The main conclusions are that (1) in the market equilibrium, the elasticity of the hedo nic wage curve with respect to hourly wage rates must be positive or less than A1 and (2) generally data will reveal neither demand nor su pply structures. Copyright 1987 by University of Chicago Press.

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    Bibliographic Info

    Article provided by University of Chicago Press in its journal Journal of Political Economy.

    Volume (Year): 95 (1987)
    Issue (Month): 6 (December)
    Pages: 1262-77

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    Handle: RePEc:ucp:jpolec:v:95:y:1987:i:6:p:1262-77

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    Cited by:
    1. Terry J. Fitzgerald, 1998. "Work Schedules, Wages and Employment in a General Equilibrium Model with Team Production," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(4), pages 809-834, October.
    2. Senesky, Sarah, 2005. "Testing the intertemporal labor supply model: are jobs important?," Labour Economics, Elsevier, vol. 12(6), pages 749-772, December.
    3. PETER McADAM & ALPO WILLMAN, 2013. "Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(8), pages 1547-1579, December.
    4. Stefan Sebastian Fahrlaender, 2005. "Semiparametric Construction of Spatial Generalized Hedonic Models for Private Properties," Diskussionsschriften dp0507, Universitaet Bern, Departement Volkswirtschaft.
    5. Hart, Robert A. & Ma, Yue, 2008. "Wage-Hours Contracts, Overtime Working and Premium Pay," IZA Discussion Papers 3797, Institute for the Study of Labor (IZA).
    6. Wolf, Elke, 2001. "Comparing the part-time wage gap in Germany and the Netherlands," ZEW Discussion Papers 01-18, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    7. Mark L Bryan, 2007. "Workers, Workplaces and Working Hours," British Journal of Industrial Relations, London School of Economics, vol. 45(4), pages 735-759, December.
    8. Eliane El Badaoui & Eric Strobl & Frank Walsh, 2014. "The Impact of Internal Migration on Local Labour Markets in Thailand," Working Papers 2014-071, Department of Research, Ipag Business School.
    9. Chung-cheng Lin, 2001. "A Comment on "Labor Markets, Unemployment, and Minimum Wages: A New View."," Eastern Economic Journal, Eastern Economic Association, vol. 27(1), pages 71-82, Winter.
    10. Strobl, Eric & Walsh, Frank, 2011. "The ambiguous effect of minimum wages on hours," Labour Economics, Elsevier, vol. 18(2), pages 218-228, April.
    11. Hart, Robert A. & Ma, Yue, 2013. "Overtime Working and Contract Efficiency," IZA Discussion Papers 7560, Institute for the Study of Labor (IZA).
    12. Eric Strobl & Frank Walsh, 2007. "The Ambiguous Effect of Minimum Wages on Workers and Total Hours," Working Papers 200714, School Of Economics, University College Dublin.
    13. repec:dgr:uvatin:2010073 is not listed on IDEAS

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