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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/11141
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dc.contributor.authorHart, Robert Aen_UK
dc.contributor.authorMa, Yueen_UK
dc.date.accessioned2015-07-23T03:22:19Z-
dc.date.available2015-07-23T03:22:19Zen_UK
dc.date.issued2010-01en_UK
dc.identifier.urihttp://hdl.handle.net/1893/11141-
dc.description.abstractThis paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that explores problems of contract efficiency in the face of information asymmetries between the firm and the worker. We first explore a simple wage-hours contract without overtime and show that incorporating hours into the contract may itself produce efficiency gains. We then show how the introduction of overtime hours, remunerated at premium rates, can further improve contract efficiency. Our modelling outcomes in respect of the relationship between the overtime premium and the standard wage rate relate closely to earlier developments in hedonic wage theory. Throughout, we emphasise the intuitive reasoning behind the theory and we also supply relevant empirical evidence. Mathematical derivations are provided in an Appendix.en_UK
dc.language.isoenen_UK
dc.publisherElsevier for the European Association of Labour Economistsen_UK
dc.relationHart RA & Ma Y (2010) Wage-hours contracts, overtime working and premium pay. Labour Economics, 17 (1), pp. 170-179. https://doi.org/10.1016/j.labeco.2009.04.002en_UK
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.rights.urihttp://www.rioxx.net/licenses/under-embargo-all-rights-reserveden_UK
dc.subjectWage-hours contractsen_UK
dc.subjectOvertimeen_UK
dc.subjectPremium payen_UK
dc.subjectSpecific human capitalen_UK
dc.subjectAsymmetric informationen_UK
dc.titleWage-hours contracts, overtime working and premium payen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate3000-01-01en_UK
dc.rights.embargoreason[Hart_2010_Wage??hours_contracts.pdf] The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.identifier.doi10.1016/j.labeco.2009.04.002en_UK
dc.citation.jtitleLabour Economicsen_UK
dc.citation.issn0927-5371en_UK
dc.citation.volume17en_UK
dc.citation.issue1en_UK
dc.citation.spage170en_UK
dc.citation.epage179en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.author.emailr.a.hart@stir.ac.uken_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationLingnan Universityen_UK
dc.identifier.isiWOS:000274605600015en_UK
dc.identifier.scopusid2-s2.0-73549104809en_UK
dc.identifier.wtid738211en_UK
dcterms.dateAccepted2010-01-31en_UK
dc.date.filedepositdate2013-02-26en_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorHart, Robert A|en_UK
local.rioxx.authorMa, Yue|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate3000-01-01en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||en_UK
local.rioxx.filenameHart_2010_Wage??hours_contracts.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source0927-5371en_UK
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