Working long hours: less productive but less costly? Firm-level evidence from Belgium
From the point of view of a profit-maximizing firm, the optimal number of working hours depends not only on the marginal productivity of hours but also on the marginal labour cost. This paper develops and assesses empirically a simple model of firms' decision making where productivity varies with hours and where the firm faces labour costs per worker that are invariant to the number of hours worked: i.e. quasi-fixed labour costs. Using Belgian firm-level data on production, labour costs, workers and hours, and focusing of the estimation of workers/hours elasticities of isoquant and isocost, we... Mehr ...
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Dokumenttyp: | workingPaper |
Erscheinungsdatum: | 2017 |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26995041 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://researchportal.unamur.be/en/publications/66b4e7b8-c306-4b1a-9515-7bc28308c1a8 |