Suchergebnisse

We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post investment period and, (d) retirement. We establish that increases in both wage rates and hours of work in the post-investment period serve to minimise sub-optimal separations and, moreover that both wage and hours schedules are concave. The model is tested with the British Household Panel Survey (1991-1997) and with the British Labour Force Survey (1993/4).

On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time schedules. Nominal wages dropped relatively modestly while real wages continued to rise throughout the trough years of the recession. Empirical work is based on cell data from a panel of 28 local labour markets for the period 1926-38. The data dichotomise between skilled fitters and unskilled labourers and between time-rate and piecerate workers. The findings have interesting implications for Phillips curve and wage curve studies.

Between mid-1939 and mid-1943 almost 2.2 million additional women were recruited into Britain's essential war industries. These consisted, predominantly, of young women recruited into metal and chemical industries. Much of the increased labour supply was achieved through government directed labour initiatives. This culminated, in January 1942, with the Control of Engagement Order whereby women between the ages of 18 and 40 who either entered the labour market or who changed employment were compulsorily directed into jobs and industries that were vital to the war effort. There were also many woman volunteers for such work, partly due to the fact that extreme labour scarcity drove up relative female wage rates. At least 42% of the 18-20 age cohorts and 32% of the 21-25 age cohorts in 1943 worked in the essential industries. Two-thirds of those involved owed their jobs to wartime industrial expansion. The majority of such women entered a world of work that had been previously dominated by men. They obtained considerable training, job experience and pay advantages compared to subsequent age cohorts who were not eligible for war work. This bestowed on them subsequent labour market advantages that would otherwise not have occurred. Using a regression discontinuity design the empirical work shows that the long term earnings benefits of those age cohorts eligible for conscription, measured 30 years after the war, were in the order of between 2% and 9% higher than the age cohorts that followed them.

This paper adds to the literature on the relationship between military service and long-term real earnings. Based on a regression discontinuity design it compares the earnings of age cohorts containing British men who were required to undertake post-war National Service with later cohorts who were exempt. It also compares age cohorts containing men who were conscripted into military service during the first half of WWII and those with later spells of conscription. It argues that, in general, we should not expect large long-term real earnings differences between conscript and non-conscript cohorts since important elements of the former received military training and experience of direct value in the civilian jobs market. In the case of call-up during WWII there is even more reason to expect that there was no major disadvantages to those conscripted. This occurred largely because their pre-military job status was preserved due to the employment of substitute women workers who acted as a temporary employment buffer thereby protecting serving men's positions on the jobs hierarchy.