The decreasing returns on working time: An empirical analysis on panel country data

Gilbert Cette, S. Chang and Maty Konte ()

Working papers from Banque de France

Abstract: An empirical analysis is conducted on two panels of 18 OECD countries to test whether the elasticity of hourly productivity to working time is negative and decreasing with working time itself. If so, the decreasing returns on working time could be indicative of a fatigue effect that increases with working time. We find that the elasticity of productivity per hour to working time is negative and decreasing with working time, but its coefficient is not strongly significant. This study offers empirical support for the hypothesis of a fatigue effect that increases with working time, but with some reservations.

Keywords: Productivity; Working time; decreasing returns. (search for similar items in EconPapers)
JEL-codes: F01 J24 O11 O47 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2011
New Economics Papers: this item is included in nep-eff and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Journal Article: The decreasing returns on working time: an empirical analysis on panel country data (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:315

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