Employment and hours of work

Kudoh, Noritaka; Sasaki, Masaru

Discussion Paper, Series A, 2009, 204, 1-34

Permalink : https://hdl.handle.net/2115/35611

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アクセス権	open access
URI	https://hdl.handle.net/2115/35611
タイトル	Employment and hours of work
著者	著者名 Kudoh, Noritaka
著者	著者名 Sasaki, Masaru
言語	英語
キーワード	employment
	hours of work
	search frictions
発行日	2009-02-18
出版者	Graduate School of Economics & Business Administration, Hokkaido University
収録物名	Discussion Paper, Series A
巻(号)	204
ページ	1-34
抄録	This paper develops a dynamic model of the labor market in which the degree of substitution between employment and hours of work is determined as part of a search equilibrium. Each firm chooses its demand for working hours and number of vacancies, and the earnings profile is determined by Nash bargaining. The earnings profile is generally nonlinear in hours of work, and defines the trade-off between employment and hours of work. Concave production technology induces firms to overemploy and, as a result, hours of work are below their optimal level. The Hosios condition is not sufficient for efficiency. When there are two industries, workers employed by firms with higher recruitment costs work longer and earn more. That is, "good jobs" require longer hours of work. Interestingly, technology differentials cannot account for working hours differentials.
資源タイプ	紀要論文
出版タイプ	Version of Record