Biomarkers and long-term labour market outcomes: the case of creatine

Petri Böckerman (), Alex Bryson, Christian Hakulinen, Jaakko Pehkonen, Laura Pulkki-Raback, Olli Raitakari and Jutta Viinikainen

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: I evaluate the impact of the UK Working Time Regulations 1998, which introduced mandatory paid holiday entitlement. The regulation gave (nearly) all workers the right to a minimum of 4 weeks of paid holiday per a year. With constant weekly pay this change amounts effectively to an increase in the real hourly wage of about 8.5% for someone going from 0 to 4 weeks paid holiday per year, which should lead to adjustments in employment. For employees I use complementary log-log regression to account for right-censoring of employment spells. I find no increase in the hazard to exit employment within a year after treatment. Adjustments in wages cannot explain this result as they are increasing for the treated groups relative to the control. I also evaluate the long run trend in aggregate employment, using the predicted treatment probabilities in a difference-in-difference framework. Here I find a small and statistically significant decrease in employment. This effect is driven by a trend reversal in employment, coinciding with the treatment.

Keywords: Biomarkers; creatine; creatinine; labour market; earnings; employment (search for similar items in EconPapers)
JEL-codes: I19 J3 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2014-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://eprints.lse.ac.uk/60271/ Open access version. (application/pdf)

Related works:
Journal Article: Biomarkers and long-term labour market outcomes: The case of creatine (2017)
Working Paper: Biomarkers and Long-term Labour Market Outcomes: The Case of Creatine (2014)
Working Paper: Biomarkers and Long-term Labour Market Outcomes: The Case of Creatine (2014)
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