Wages, hours and human capital over the life cycle

Robert A. Hart; Yue Ma

doi:10.1515/9783110511680-004

Wages, hours and human capital over the life cycle

Robert A. Hart, Yue Ma

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review

1 Citation (Scopus)

Abstract

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. Testing is based on 13 waves of British Household Panel Survey from 1991 to 2003. © Lucius & Lucius Verlagsgesellschaft mbH Stuttgart 2008. All rights reserved.

Original language	English
Title of host publication	Labormetrics
Editors	Lutz Bellmann, Wolfgang Franz, Knut Gerlach, Reinhard Hujer, Wolfgang Meyer, Joachim Wagner
Place of Publication	Stuttgart
Publisher	Lucius und Lucius Verlagsgesellschaft mbH
Pages	446-464
ISBN (Electronic)	9783110511680
ISBN (Print)	9783110499452
DOIs	https://doi.org/10.1515/9783110511680-004
Publication status	Published - Dec 2008
Externally published	Yes

Bibliographical note

This has also been published in: Hart, R. A., & Ma, Y. (2008). Wages, hours and human capital over the life cycle. Jahrbucher fur Nationalokonomie und Statistik, 228(5-6), 446-464. https://doi.org/10.1515/jbnst-2008-5-604

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This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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Wages, hours and human capital over the life cycle. / Hart, Robert A.; Ma, Yue.
Labormetrics. ed. / Lutz Bellmann; Wolfgang Franz; Knut Gerlach; Reinhard Hujer; Wolfgang Meyer; Joachim Wagner. Stuttgart: Lucius und Lucius Verlagsgesellschaft mbH, 2008. p. 446-464.

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review

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AU - Ma, Yue

N1 - This has also been published in: Hart, R. A., & Ma, Y. (2008). Wages, hours and human capital over the life cycle. Jahrbucher fur Nationalokonomie und Statistik, 228(5-6), 446-464. https://doi.org/10.1515/jbnst-2008-5-604

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Y1 - 2008/12

N2 - 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. Testing is based on 13 waves of British Household Panel Survey from 1991 to 2003. © Lucius & Lucius Verlagsgesellschaft mbH Stuttgart 2008. All rights reserved.

AB - 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. Testing is based on 13 waves of British Household Panel Survey from 1991 to 2003. © Lucius & Lucius Verlagsgesellschaft mbH Stuttgart 2008. All rights reserved.

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M3 - RGC 12 - Chapter in an edited book (Author)

SN - 9783110499452

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BT - Labormetrics

A2 - Bellmann, Lutz

A2 - Franz, Wolfgang

A2 - Gerlach, Knut

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A2 - Wagner, Joachim

PB - Lucius und Lucius Verlagsgesellschaft mbH

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ER -

Wages, hours and human capital over the life cycle

Abstract

Bibliographical note

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Wages, hours and human capital over the life cycle

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