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Wages and the Length of the Working Day. An Empirical Test Based on Norwegian Quarterly Manufacturing Data

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  • Nymoen, Ragnar

Abstract

A simple framework is specified which is suitable for testing the relationship between the length of the working day and wages per hour. The relationship is tested on Norwegian manufacturing data, using both dynamic modeling and cointegration techniques. Both methods provide empirical support for a hypothesis of long-run independence of real wages and hours, conditional on constant productivity and unemployment. The results from dynamic modeling confirm that there are significant short-run effects of changes in normal hours, corresponding to the income-compensation schemes usually introduced along with reduction in the length of the working day. Copyright 1989 by The editors of the Scandinavian Journal of Economics.

Suggested Citation

  • Nymoen, Ragnar, 1989. " Wages and the Length of the Working Day. An Empirical Test Based on Norwegian Quarterly Manufacturing Data," Scandinavian Journal of Economics, Wiley Blackwell, vol. 91(3), pages 599-612.
  • Handle: RePEc:bla:scandj:v:91:y:1989:i:3:p:599-612
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    Cited by:

    1. Jennifer Hunt, 1996. "The Response of Wages and Actual Hours Worked to the Reduction of Standard Hours in Germany," Discussion Papers of DIW Berlin 138, DIW Berlin, German Institute for Economic Research.
    2. Jennifer Hunt, 1998. "Hours Reductions as Work-Sharing," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 339-381.
    3. Kawaguchi, Daiji & Naito, Hisahiro & Yokoyama, Izumi, 2017. "Assessing the effects of reducing standard hours: Regression discontinuity evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 43(C), pages 59-76.
    4. Q. Farooq Akram & Ragnar Nymoen, 2006. "Model selection for monetary policy analysis – Importance of empirical validity," Working Paper 2006/13, Norges Bank.
    5. KAWAGUCHI Daiji & NAITO Hisahiro & YOKOYAMA Izumi, 2008. "Labor Market Responses to Legal Work Hour Reduction: Evidence from Japan," ESRI Discussion paper series 202, Economic and Social Research Institute (ESRI).
    6. Kapteyn, Arie & Kalwij, Adriaan & Zaidi, Asghar, 2004. "The myth of worksharing," Labour Economics, Elsevier, vol. 11(3), pages 293-313, June.
    7. Skrove Falch, Nina & Nymoen, Ragnar, 2011. "The accuracy of a forecast targeting central bank," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 5, pages 1-36.
    8. Q. Farooq Akram & Ragnar Nymoen, 2009. "Model Selection for Monetary Policy Analysis: How Important is Empirical Validity?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 35-68, February.
    9. Ragnar Nymoen, 2017. "Between Institutions and Global Forces: Norwegian Wage Formation Since Industrialisation," Econometrics, MDPI, Open Access Journal, vol. 5(1), pages 1-54, January.
    10. Baek, Ehung Gi & Oh, Wankeun, 2004. "The short-run production effect of the reduction of working hours," Journal of Policy Modeling, Elsevier, vol. 26(1), pages 123-144, January.
    11. Jennifer Hunt, 1996. "The Response of Wages and Actual Hours Worked to the Reductions of Standard Hours," NBER Working Papers 5716, National Bureau of Economic Research, Inc.

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