Wages, Productivity, and Work Intensity in the Great Depression

Julia Darby and Robert Hart

Southern Economic Journal, 2008, vol. 75, issue 1, 91-103

Abstract: We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms' intensive margins. Short‐run changes in work intensity and the longer‐term influence of potential productivity combined to influence real wage growth. By contrast, the external effects of unemployment and replacement rates had much less impact. Empirical work is undertaken against the background of a simple efficient bargaining model that embraces earnings, employment, hours of work, and work intensity.

Date: 2008
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https://doi.org/10.1002/j.2325-8012.2008.tb00893.x

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Working Paper: Wages, Productivity and Work Intensity in the Great Depression (2002)
Working Paper: Wages, Productivity, and Work Intensity in the Great Depression (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:75:y:2008:i:1:p:91-103

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