Wages, Productivity and Work Intensity in the Great Depression
AbstractWe show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity combined to influence real wage growth. By contrast, the external effects of unemployment and replacement rates had much less impact. Empirical work is undertaken against the background of an efficient bargaining model that embraces employment, hours of work and work intensity.
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Bibliographic InfoPaper provided by Business School - Economics, University of Glasgow in its series Working Papers with number 2002_7.
Date of creation:
Date of revision: Jul 2002
Other versions of this item:
- Julia Darby & Robert A. Hart, 2008. "Wages, Productivity, and Work Intensity in the Great Depression," Southern Economic Journal, Southern Economic Association, vol. 75(1), pages 91-103, July.
- Darby, Julia & Hart, Robert A., 2002. "Wages, Productivity, and Work Intensity in the Great Depression," IZA Discussion Papers 543, Institute for the Study of Labor (IZA).
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-10-08 (All new papers)
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