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- Title
WHOSE PREFERENCES ARE REVEALED IN HOURS OF WORK?
- Authors
Pencavel, John
- Abstract
ABSTRACT It has become orthodox in economics research to interpret the association between hourly earnings and working hours as the expression of the preferences of workers. This convention originated in H. Gregg Lewis' explanation for the decline in hours of work since the nineteenth century. His explanation rested on an explicit resolution of the identification problem inherent in any quantity (hours)-price (wage) relation. For over 40 years, researchers have neglected this identification problem with the result that the findings in the purported 'labor supply' literature are of questionable value. ( JEL J22, J23, C13)
- Subjects
ECONOMIC research; WAGES; WORKING hours; LABOR market research; LEWIS, H. Gregg
- Publication
Economic Inquiry, 2016, Vol 54, Issue 1, p9
- ISSN
0095-2583
- Publication type
Article
- DOI
10.1111/ecin.12276