00000nam 2200000zi 4500 9.917557 CaOODSP 20221122092044 m o d f cr |n||||||||| 221122t20222022oncd ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre n-cn--- FB3-5/2022-47E-PDF Shao, Lin, author. Are working hours complements in production? / by Lin Shao, Faisal Sohail and Emircan Yurdagul. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2022. ©2022 1 online resource (1 volume (various pagings)) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-47 "Last updated: November 21, 2022." Includes bibliographical references (pages 19-20). "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. Includes abstract in French. Labor supply Economic aspects Canada. Hours of labor Economic aspects Canada. Marché du travail Aspect économique Canada. Horaires de travail Aspect économique Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2022-47. (CaOODSP)9.806221 PDF 1.23 MB https://publications.gc.ca/collections/collection_2022/banque-bank-canada/FB3-5-2022-47-eng.pdf