|
EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/20971
|
| | |
| Title: | | Hours and Wages in the Depression: British Engineering, 1926-1938  |
| Authors: | | Hart, Robert A. |
| Issue Date: | | 2000 |
| Series/Report no.: | | IZA Discussion paper series 132 |
| Abstract: | | On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time schedules. Nominal wages dropped relatively modestly while real wages continued to rise throughout the trough years of the recession. Empirical work is based on cell data from a panel of 28 local labour markets for the period 1926-38. The data dichotomise between skilled fitters and unskilled labourers and between time-rate and piecerate workers. The findings have interesting implications for Phillips curve and wage curve studies. |
| Subjects: | | British engineering the Great Depression hours of work Phillips Curve wage curve |
| JEL: | | J31 E24 N34 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/20971
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|