Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232927 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14175
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
For a century, two labor market empirical regularities characterized the movements of the hours of work, employment, and hourly compensation of American manufacturing production workers. They resembled conditional labor supply functions. Increases in employment substituted for reductions in hours per worker. The implied elasticities of hours and employment with respect to hourly earnings declined in absolute value over time. The activities of trade unions and the effects of statutory legislation contribute to the explanations for what is observed. Recently,changes in real hourly earnings contribute little to understanding movements in hours of work and in employment of these workers.
Subjects: 
hours
employment
hourly compensation
labor supply
JEL: 
J22
E24
N32
Document Type: 
Working Paper

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