Are working hours complements in production? / by Lin Shao, Faisal Sohail and Emircan Yurdagul.: FB3-5/2022-47E-PDF
"This paper uses Canadian matched employer-employee data to show that working hours are gross complements in production rather than perfect substitutes, as is typically assumed. We exploit within-establishment and individual-level variation in hours and wages to document novel evidence consistent with complementarities in hours worked. Next, we estimate an elasticity of substitution in working hours of 0.69 in the aggregate and between 0.52 and 1.04 at the industry level. We validate our estimates by showing that industries with higher elasticities exhibit greater flexibility in hours. Our findings have important implications for research on labor supply and the efficacy of policies that aim to influence it"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.917557&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Are working hours complements in production? / by Lin Shao, Faisal Sohail and Emircan Yurdagul. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-47 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: November 21, 2022." Includes bibliographical references (pages 19-20). Includes abstract in French. |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2022. ©2022 |
| Author / Contributor | Shao, Lin, author. |
| Description | 1 online resource (1 volume (various pagings)) : charts. |
| Catalogue number |
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| Subject terms | Labor supply -- Economic aspects -- Canada. Hours of labor -- Economic aspects -- Canada. Marché du travail -- Aspect économique -- Canada. Horaires de travail -- Aspect économique -- Canada. |
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