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dc.contributor.authorHart, Robert A.en_US
dc.contributor.authorRoberts, J. Elizabethen_US
dc.date.accessioned2010-06-04en_US
dc.date.accessioned2010-07-23T09:31:47Z-
dc.date.available2010-07-23T09:31:47Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36774-
dc.description.abstractBased largely on industry-level aggregate statistics, the prevailing view, and one that has strongly influenced macroeconomic thought, is that real wages during the cycle containing the Great Depression are either acyclical or countercyclical. Does this finding hold-up when more micro data are employed? We examine this question based on detailed blue-collar workers' company payroll data for a large section of the British engineering and metal working industries. We distinguish between pieceworkers and timeworkers, with pieceworkers accounting for over half the workforce. For the period 1927 to 1937, the two pay groups are broken down into 14 occupations, and 48 travel-to-work geographical districts. We estimate wage and hours cyclicality in respect of the national unemployment rate as well as the district rates. Weekly hours and real weekly earnings are found to be strongly procyclical. Real hourly earnings of pieceworkers are also significantly procyclical. The roles of standard and overtime hours are crucial to these findings.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 4977en_US
dc.subject.jelE32en_US
dc.subject.jelJ31en_US
dc.subject.jelJ33en_US
dc.subject.jelN64en_US
dc.subject.ddc330en_US
dc.subject.keywordReal wage cyclicalityen_US
dc.subject.keywordworking timeen_US
dc.subject.keywordpieceworken_US
dc.subject.keywordtimeworken_US
dc.subject.keywordthe Great Depressionen_US
dc.subject.stwReallohnen_US
dc.subject.stwArbeitszeiten_US
dc.subject.stwKonjunkturen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwWirtschaftsgeschichteen_US
dc.subject.stwGro├čbritannienen_US
dc.titleReal wages, working time, and the great depression: What does micro evidence tell us?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn627402917en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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