STORRE
STORRE: Stirling Online Research Repository
Please use this identifier to cite or link to this item:
http://hdl.handle.net/1893/1927| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Wages, Hours and Human Capital Over the Life Cycle |
| Author(s): | Hart, Robert A Ma, Yue |
| Contact Email: | r.a.hart@stir.ac.uk |
| Keywords: | Wage-hours Contracts Asymmetric Information Four Period Model Hours of labor Human capital Wages Overtime |
| Issue Date: | 2008 |
| Date Deposited: | 18-Dec-2009 |
| Citation: | Hart RA & Ma Y (2008) Wages, Hours and Human Capital Over the Life Cycle. Jahrbucher fur Nationalokonomie und Statistik, 228 (5-6), pp. 446-464. http://www.luciusverlag.com/zeitschriften/jahrbuecher/jahrbuecher_inhalt.htm |
| Abstract: | We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post investment period and, (d) retirement. We establish that increases in both wage rates and hours of work in the post-investment period serve to minimise sub-optimal separations and, moreover that both wage and hours schedules are concave. Testing is based on 13 waves of British Household Panel Survey from 1991 to 2003. |
| URL: | http://www.luciusverlag.com/zeitschriften/jahrbuecher/jahrbuecher_inhalt.htm |
| Rights: | Published in Jahrbücher für Nationalökonomie und Statistik by Lucius & Lucius Verlagsgesellschaft. |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| LIFErevised4.pdf | Fulltext - Accepted Version | 131.28 kB | Adobe PDF | View/Open |
This item is protected by original copyright |
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.