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

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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. ORCID: https://orcid.org/0000-0003-4425-7222

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• Item metadata

  Item type:	Article
  ID code:	7284
  Dates:	Date Event July 2008 Published
  Keywords:	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:	15 Sep 2021 16:18
  Related URLs:	http://www.entrepreneur.com/tradejournal... Publisher Publisher Author
  URI:	https://strathprints.strath.ac.uk/id/eprint/7284