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    <title>EconStor Community: University of Kent</title>
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      <title>The long term pay-off from working longer hours</title>
      <link>http://hdl.handle.net/10419/68142</link>
      <description>Title: The long term pay-off from working longer hours
&lt;br/&gt;
&lt;br/&gt;Authors: Campbell, David; Green, Francis
&lt;br/&gt;
&lt;br/&gt;Abstract: Using data from the first six waves of the British Household Panel Survey, we estimate the impact of working longer hours over 1991 to 1995 on 1996 wages. We find that there are positive but diminishing long-term returns, with the returns becoming negative beyond 47 hours for women and 59 hours for men. The returns are greater at the margin for unpaid hours than for paid hours. Evaluated at the mean, an extra unpaid hour over 1991 to 1995 raised 1996 pay by 4 percent, an extra paid hour by 1 percent. It also pays off to work longer hours than norm for the industry. While there are no significant differences between the marginal effects for men and women, conditional on hours worked the incentives are greater for women than for men. These findings are consistent with the possibility that increasing UK wage inequality is associated with an upward impact on work hours.</description>
      <pubDate>Mon, 29 Oct 2001 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Trade liberalization and labor market in developing countries: Theory and evidence</title>
      <link>http://hdl.handle.net/10419/68141</link>
      <description>Title: Trade liberalization and labor market in developing countries: Theory and evidence
&lt;br/&gt;
&lt;br/&gt;Authors: Arbache, Jorge Saba
&lt;br/&gt;
&lt;br/&gt;Abstract: This paper presents a review of the theoretical and empirical literature on the effects of trade liberalization on the labor markets of developing countries. We discuss models which seek to explain the empirical finding that openness has increased wage inequality in several developing countries.</description>
      <pubDate>Sun, 29 Oct 2000 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Job insecurity and wage outcomes in Britain</title>
      <link>http://hdl.handle.net/10419/68140</link>
      <description>Title: Job insecurity and wage outcomes in Britain
&lt;br/&gt;
&lt;br/&gt;Authors: Campbell, David; Carruth, Alan; Dickerson, Andrew; Green, Francis
&lt;br/&gt;
&lt;br/&gt;Abstract: In 1996 and 1997, approximately 1 in 10 British workers thought that it was either likely or very likely that they would lose their job within 12 months. Increased job insecurity has been touted as a possible cause for the decline of equilibrium unemployment in Britain and the United States during the 1990s. We investigate whether perceptions of job insecurity contribute to lowering wages. First, we examine the validity of subjective questions about unemployment expectations, using longitudinal data. We find that workers' fears of unemployment are increased by their previous unemployment experience and by other household members' unemployment experiences, and are associated with other objective indicators of insecure jobs. The measure of unemployment fear also helps to predict future unemployment, above and beyond conventional objective variables. We then show that high fear of unemployment is associated with significantly lower wage levels. OLS estimates of the downward impact on average wages of an increase in this expectation by just one half of a standard deviation are approximately 1&amp;#x00bd; percent. Instrumental variable estimates suggest that 1&amp;#x00bd; percent is likely to be an underestimate. We conclude that increased job insecurity, relative to aggregate unemployment, has contributed in part to wage restraint in Britain.</description>
      <pubDate>Sun, 29 Oct 2000 22:58:59 GMT</pubDate>
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      <title>Inflation targeting, exchange rate pass-through and fear of floating</title>
      <link>http://hdl.handle.net/10419/68139</link>
      <description>Title: Inflation targeting, exchange rate pass-through and fear of floating
&lt;br/&gt;
&lt;br/&gt;Authors: Nogueira, Reginaldo Pinto
&lt;br/&gt;
&lt;br/&gt;Abstract: The paper presents evidence on exchange rate pass-through and the Fear of Floating hypothesis before and after Inflation Targeting for a set of developed and emerging market economies. We use a structural VAR model to estimate the effect of depreciations on prices. The results support the view of the previous literature that the pass-through is higher for emerging than for developed economies, and that it has decreased after the adoption of Inflation Targeting. We then use several different methodologies to examine the existence of Fear of Floating practices. We observe a drastic reduction in direct foreign exchange market intervention after the adoption of Inflation Targeting. As the exchange rate pass-through still matters for the attainment of the inflation targets, Fear of Floating seems to play only a minor role for most economies in our sample.</description>
      <pubDate>Sat, 29 Oct 2005 22:58:59 GMT</pubDate>
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