Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/328
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Overtime working, the Phillips curve and the wage curve: British engineering, 1926-66
Authors: Hart, Robert A
Keywords: Overtime, Phillips Curve, Wage Curve, Engineering
Issue Date: Mar-2003
Publisher: Blackwell Publishing (Published on behalf of the University of Manchester)
Citation: Hart RA (2003) Overtime working, the Phillips curve and the wage curve: British engineering, 1926-66, Manchester School, 71 (2), pp. 97-112.
Abstract: This paper shows that wage-unemployment elasticities derived from estimated wage curves and Phillips curves may be critically dependent on the measurement of wages. Incorporating hourly wage earnings, that include the influence of overtime payments, can lead to seriously distorted results. Meaningful elasticities are obtained only if hourly standard wages form the basis of analysis. Work is based on a unique data set describing two homogeneous blue-collar occupational groups - skilled fitters and unskilled labourers - in the British engineering industry. Each group is also divided into timeworkers and piece-rate workers. Data are aggregated into a panel of 28 local labour markets and cover the highly contrasting periods, 1928-1938 and 1954-1966.
Type: Journal Article
URI: http://hdl.handle.net/1893/328
DOI Link: http://dx.doi.org/10.1111/1467-9957.00338
Rights: The definitive version is available at www.blackwell-synergy.com
Affiliation: Economics

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