Hours and Wages: A Bargaining Approach

Elena Del Rey, Joaquín Naval Navarro and José Silva

MPRA Paper from University Library of Munich, Germany

Abstract: In a recent paper, Bick et al. (2022) show the presence of a hump-shaped relationship between hours and hourly wages with a maximum around 50 hours worked. We show that a model with fixed labor costs where workers and firms bargain in wages and hours can help explain this non-linear relationship. Also, a quantitative version of the model is able to match the empirical hourly-wage to hours worked relationship estimated by those authors for the US.

Keywords: Fixed labor costs; wage-hours relationship; bargaining (search for similar items in EconPapers)
JEL-codes: J22 J3 (search for similar items in EconPapers)
Date: 2022-03-11
New Economics Papers: this item is included in nep-cwa and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Hours and wages: A bargaining approach (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:112349

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