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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.917557&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Are working hours complements in production? / by Lin Shao, Faisal Sohail and Emircan Yurdagul. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-47 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "Last updated: November 21, 2022." Includes bibliographical references (pages 19-20). Includes abstract in French. |
| Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2022. ©2022 |
| Auteur / Contributeur | Shao, Lin, author. |
| Description | 1 online resource (1 volume (various pagings)) : charts. |
| Numéro de catalogue |
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| Descripteurs | 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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