Wages, productivity, and work intensity in the Great Depression
Darby, J. and Hart, R.A. (2008) Wages, productivity, and work intensity in the Great Depression. Southern Economic Journal, 75 (1). pp. 91-103. ISSN 0038-4038 (http://proxy.lib.strath.ac.uk/login??url=http://se...)
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Abstract
We show that U.S. manufacturing wages during the Great Depression were importantlydetermined by forces on firms' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full 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 an efficient bargaining model that embraces employment, hours of work and work intensity.
ORCID iDs
Darby, J.
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Item type: Article ID code: 7284 Dates: DateEventJuly 2008PublishedKeywords: wages, productivity, work intensity, great depression, Commerce, Economics and Econometrics, SDG 8 - Decent Work and Economic Growth Subjects: Social Sciences > Commerce Department: Strathclyde Business School > Economics Depositing user: Strathprints Administrator Date deposited: 27 Nov 2008 14:01 Last modified: 23 Sep 2021 03:35 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/7284