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Title:Wages, Productivity, and Work Intensity in the Great Depression PDF Logo
Authors:Darby, Julia
Hart, Robert A.
Issue Date:2002
Series/Report no.:IZA Discussion paper series 543
Abstract:We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity combined to influence real wage growth. By contrast, the external effects of unemployment and replacement rates had much less impact. Empirical work is undertaken against the background of an efficient bargaining model that embraces employment, hours of work and work intensity.
Subjects:wages
productivity
work intensity
Great Depression
JEL:N62
J31
J24
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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