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SSRN Electronic Journal
Article . 2013 . Peer-reviewed
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SSRN Electronic Journal
Article . 2013 . Peer-reviewed
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SSRN Electronic Journal
Article . 2013 . Peer-reviewed
Data sources: Crossref
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Research . 2013
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Overtime Working and Contract Efficiency

Authors: Hart, Robert A; Ma, Yue;

Overtime Working and Contract Efficiency

Abstract

We present a wage-hours contract designed to minimize costly turnover given investments in specific training combined with firm and worker information asymmetries. It may be optimal for the parties to work ‘long hours’ remunerated at premium rates for guaranteed overtime hours. Based on British plant and machine operatives, we test three predictions. First, trained workers with longer tenure are more likely to work overtime. Second, hourly overtime pay exceeds the value of marginal product while the basic hourly wage is less than the value of marginal product. Third, the basic hourly wage is negatively related to the overtime premium.

Country
United Kingdom
Related Organizations
Keywords

330, ddc:330, J33, J41: Labor Contracts, paid overtime, plant and machine operatives, paid overtime, wage-hours contract, plant and machine operatives, Paid overtime, Payment Methods, J33: Compensation Packages, J41, wage-hours contract, jel: jel:J41, jel: jel:J33

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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
bronze