2023-09-28 14:46:10 +00:00
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abstract: 'An eclectic framework is developed to understand long-term and
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short-term patterns in worktime, and to explain labor market anomalies
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such as the downward inflexibility of the workweek and coexistence of
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underemployment and overemployment. Neoclassical labor demand and supply
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models focus narrowly on monetary cost and individual welfare
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consequences. Post-Keynesian, institutionalist, and radical political
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economy paradigms suggest work hours and institutions regulating its
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adjustment also reflect uncertainty, relative incomes, internal labor
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markets, custom, power, and effort-regulation.
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Work hours have three measurable dimensions-mean duration, variability,
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and dynamic flexibility. Employers seek `''numerical flexibility,'''' and
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households desire minimal conflict with non-worktime activities. If
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irreconciliable, length and allocation outcomes will be determined by
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relative bargaining power. Given evidence of imperfect sorting in labor
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markets according to hours preferences, and that flexible hour
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arrangements favorably affect productivity or personnel cost (an
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`''efficiency hours'''' hypothesis), innovative government policies are
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suggested which would induce firms to better synchronize their aims with
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diversifying employee preferences.'
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affiliation: Golden, L (Corresponding Author), PENN STATE UNIV, UNIVERSITY PK, PA
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16802 USA.
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author: Golden, L
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author_list:
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- family: Golden
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given: L
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da: '2023-09-28'
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doi: 10.1080/00346769600000001
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eissn: 1470-1162
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files: []
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issn: 0034-6764
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journal: REVIEW OF SOCIAL ECONOMY
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keywords: 'worktime; workweek; work-sharing; work hours; flexible hours; labor
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market; bargaining power'
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keywords-plus: 'COMPENSATING WAGE DIFFERENTIALS; UNITED-STATES; HOURS CONSTRAINTS;
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WORKING HOURS; CHILD-CARE; TIME; POWER; PREFERENCES; INEQUALITY;
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EMPLOYERS'
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language: English
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month: SPR
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number: '1'
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number-of-cited-references: '128'
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pages: 1-45
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papis_id: a6938a8b0313695288fbf02adff93891
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ref: Golden1996economicsworktime
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researcherid-numbers: ', Lonnie/ABF-7000-2020'
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tags:
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- relevant
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- review
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times-cited: '27'
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title: The economics of worktime length, adjustment, and flexibility - A synthesis
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of contributions from competing models of the labor market
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:A1996UF31100001
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usage-count-last-180-days: '1'
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usage-count-since-2013: '32'
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volume: '54'
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web-of-science-categories: Economics
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year: '1996'
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