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Working Hours and Hedonic Wages in the Market Equilibrium

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  • Kinoshita, Tomio

Abstract

In the conventional model of labor supply, working hours are implicitly assumed to be divisible goods, which is an obviously unrealistic assumption. The purpose of this paper is to analyze working hours as indivisible goods. When working hours are indivisible, labors are differentiated in the market by their length, and wages will be a function of working hours. The main conclusions are that (1) in the market equilibrium, the elasticity of the hedo nic wage curve with respect to hourly wage rates must be positive or less than A1 and (2) generally data will reveal neither demand nor su pply structures. Copyright 1987 by University of Chicago Press.

Suggested Citation

  • Kinoshita, Tomio, 1987. "Working Hours and Hedonic Wages in the Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 95(6), pages 1262-1277, December.
    • Handle: RePEc:ucp:jpolec:v:95:y:1987:i:6:p:1262-77
    DOI: 10.1086/261514
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    Citations

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    Cited by:

    1. Eliane El Badaoui & Eric Strobl & Frank Walsh, 2014. "The Impact of Internal Migration on Local Labour Markets in Thailand," Working Papers hal-04141356, HAL.
    2. Stefan Sebastian Fahrländer, 2006. "Semiparametric Construction of Spatial Generalized Hedonic Models for Private Properties," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 142(IV), pages 501-528, December.
    3. PETER McADAM & ALPO WILLMAN, 2013. "Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(8), pages 1547-1579, December.
    4. Mark L Bryan, 2007. "Workers, Workplaces and Working Hours," British Journal of Industrial Relations, London School of Economics, vol. 45(4), pages 735-759, December.
    5. Eva Gutiérrez-i-Puigarnau & Jos N. Van Ommeren, 2012. "Start Time and Worker Compensation Implications for Staggered-Hours Programmes," Journal of Transport Economics and Policy, University of Bath, vol. 46(2), pages 205-220, May.
    6. John Pencavel, 2016. "Whose Preferences Are Revealed In Hours Of Work?," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 9-24, January.
    7. Hart, Robert A. & Ma, Yue, 2010. "Wage-hours contracts, overtime working and premium pay," Labour Economics, Elsevier, vol. 17(1), pages 170-179, January.
    8. Senesky, Sarah, 2005. "Testing the intertemporal labor supply model: are jobs important?," Labour Economics, Elsevier, vol. 12(6), pages 749-772, December.
    9. repec:ipg:wpaper:2014-071 is not listed on IDEAS
    10. Hart, Robert A & Ma, Yue, 2013. "Overtime Working and Contract Efficiency," SIRE Discussion Papers 2013-121, Scottish Institute for Research in Economics (SIRE).
    11. Terry J. Fitzgerald, 1998. "Work Schedules, Wages and Employment in a General Equilibrium Model with Team Production," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(4), pages 809-834, October.
    12. Wolf, Elke, 2001. "Comparing the part-time wage gap in Germany and the Netherlands," ZEW Discussion Papers 01-18, ZEW - Leibniz Centre for European Economic Research.
    13. McAdam, Peter & Willman, Alpo, 2007. "Phillips-Curve Dynamics: Mark-Up Cyclicality, Effective Hours and Regime-Dependency," Kiel Working Papers 1359, Kiel Institute for the World Economy (IfW Kiel).
    14. Eric Strobl & Frank Walsh, 2010. "The minimum wage and hours per worker," Working Papers 201028, School of Economics, University College Dublin.
    15. Eric Strobl & Frank Walsh, 2007. "The Ambiguous Effect of Minimum Wages on Workers and Total Hours," Working Papers 200714, School of Economics, University College Dublin.
    16. Bell, David N.F. & Hart, Robert A., 2019. "The Decline of Overtime Working in Britain," IZA Discussion Papers 12651, Institute of Labor Economics (IZA).
    17. Marta Lachowska & Alexandre Mas & Raffaele Saggio & Stephen A. Woodbury, 2023. "Work Hours Mismatch," NBER Working Papers 31205, National Bureau of Economic Research, Inc.
    18. Strobl, Eric & Walsh, Frank, 2011. "The ambiguous effect of minimum wages on hours," Labour Economics, Elsevier, vol. 18(2), pages 218-228, April.
    19. Chung-cheng Lin, 2001. "A Comment on "Labor Markets, Unemployment, and Minimum Wages: A New View."," Eastern Economic Journal, Eastern Economic Association, vol. 27(1), pages 71-82, Winter.
    20. Joern H. Block & José María Millán & Concepción Román & Haibo Zhou, 2015. "Job Satisfaction and Wages of Family Employees," Entrepreneurship Theory and Practice, , vol. 39(2), pages 183-207, March.
    21. David N. F. Bell & Robert A. Hart, 2023. "The decline of paid overtime working in Britain," British Journal of Industrial Relations, London School of Economics, vol. 61(2), pages 235-258, June.

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