The rise and fall of piecework-timework wage differentials: market volatility, labor heterogeneity, and output pricing
Based on detailed payroll data of blue collar male and female labor in Britain's engineering and metal working industrial sectors between the mid-1920s and mid-1960s, we provide empirical evidence in respect of several central themes in the piecework-timework wage literature. The period covers part of the heyday of pieceworking as well as the start of its post-war decline. We show the importance of relative piece rate flexibility during the Great Depression as well as during the build up to WWII and during the war itself. We account for the very significant decline in the differentials after the war. Labor market topics include piecework pay in respect of compensating differentials, labor heterogeneity, and the transaction costs of pricing piecework output.
|Date of creation:||Nov 2013|
|Contact details of provider:|| Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA|
Phone: +44 (0)1786 467473
Fax: +44 (0)1786 467469
Web page: http://www.econ.stir.ac.uk/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hart, Robert A & Roberts, J Elizabeth, 2011.
"Real wage cyclicality and the Great Depression: evidence from British engineering and metal working firms,"
Stirling Economics Discussion Papers
2011-09, University of Stirling, Division of Economics.
- Robert A. Hart & J. Elizabeth Roberts, 2013. "Real wage cyclicality and the Great Depression: evidence from British engineering and metal working firms," Oxford Economic Papers, Oxford University Press, vol. 65(2), pages 197-218, April.
- W. Bentley MacLeod & James M. Malcomson, 1986.
"Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment,"
585, Queen's University, Department of Economics.
- MacLeod, W Bentley & Malcomson, James M, 1989. "Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment," Econometrica, Econometric Society, vol. 57(2), pages 447-480, March.
- Robert A. Hart & J. Elizabeth Roberts, 2013.
"Industrial Composition, Methods of Compensation and Real Earnings in the Great Depression,"
National Institute Economic Review,
National Institute of Economic and Social Research, vol. 226(1), pages 17-29, November.
- Hart, Robert A & Roberts, J Elizabeth, 2013. "Industrial composition, methods of compensation, and real earnings in the Great Depression," Stirling Economics Discussion Papers 2013-03, University of Stirling, Division of Economics.
- Charles Brown, 1990. "Firms' Choice of Method of Pay," ILR Review, Cornell University, ILR School, vol. 43(3), pages 165-1-182-, April.
- Lazear, Edward P, 1986. "Salaries and Piece Rates," The Journal of Business, University of Chicago Press, vol. 59(3), pages 405-431, July.
- Hart, Robert A., 2007. "Women doing men's work and women doing women's work: Female work and pay in British wartime engineering," Explorations in Economic History, Elsevier, vol. 44(1), pages 114-130, January.
- Fama, Eugene F, 1991. "Time, Salary, and Incentive Payoffs in Labor Contracts," Journal of Labor Economics, University of Chicago Press, vol. 9(1), pages 25-44, January.
- repec:sae:ilrrev:v:43:y:1990:i:3:p:165-182 is not listed on IDEAS
- Susan Helper & Morris M. Kleiner & Yingchun Wang, 2010. "Analyzing Compensation Methods in Manufacturing: Piece Rates, Time Rates, or Gain-Sharing?," NBER Working Papers 16540, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:stl:stledp:2013-12. 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: (Liam Delaney)
If references are entirely missing, you can add them using this form.