Real wage cyclicality and the Great Depression: evidence from British engineering and metal working firms
Based on occupation-level payrolls from around 2000 member firms of the British Engineering Employers' Federation we examine the behaviour of real hourly earnings over the 1927--1937 Great Depression cycle. Pay and working time data cover adult male blue-collar workers within engineering and metal working firms. We attempt to tackle the problem of countercyclical aggregation bias linked to workforce composition by distinguishing between pieceworkers and timeworkers who are broken down into 14 occupations and 51 travel-to-work engineering districts. We test for the likely effects on our estimates of within-occupation heterogeneity. For pieceworkers we find significant, though modest, real hourly wage procyclicality. Timeworkers' real hourly wages are found to be acyclical. Due to procyclical fluctuations in weekly hours, the real weekly pay of both pieceworkers and timeworkers are strongly procyclical. We compare hourly and weekly pay outcomes with findings based on more recent micro data. Copyright 2013 Oxford University Press 2012 All rights reserved, Oxford University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 65 (2013)
Issue (Month): 2 (April)
|Contact details of provider:|| Postal: |
Fax: 01865 267 985
Web page: http://oep.oupjournals.org/Email:
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:65:y:2013:i:2:p:197-218. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.