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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Wages, Productivity, and Work Intensity in the Great Depression
Author(s): Darby, Julia
Hart, Robert A
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Keywords: Wages
Work Intensity
Great Depression
Depressions 1929
Industrial productivity History
Wages and labor productivity
United States Economic policy To 1933
Issue Date: Jul-2008
Date Deposited: 5-Mar-2009
Citation: Darby J & Hart RA (2008) Wages, Productivity, and Work Intensity in the Great Depression. Southern Economic Journal, 75 (1), pp. 91-103.
Abstract: We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms' intensive margins. Short-run changes in work intensity and the longer-term influence of potential productivity combined to influence real wage growth. By contrast, the external effects of unemployment and replacement rates had much less impact. Empirical work is undertaken against the background of a simple efficient bargaining model that embraces earnings, employment, hours of work and work intensity.
Rights: The publisher has granted permission for use of this article in this Repository. The article was first published in Southern Economic Journal by the Southern Economic Association.

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