Policy Transferability and Hysteresis: Daily and Weekly Hours in the BRD and the US / Daniel S. Hamermesh.

Format:

Book

Author/Creator:

Hamermesh, Daniel S.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4773.

NBER working paper series no. w4773

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Policy Transferability and Hysteresis

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

I develop a model with the path of labor-market outcomes exhibiting hysteresis depending on prior labor-market policy. The results suggest that attempts to transfer policies across economies lead to surprising results even if current economic outcomes in the countries appear similar. Examples of minimum wages, optimal income maintenance, and training programs are given. The results are applied to a discussion of overtime laws and differences in days worked and weekly hours in the U.S. and Germany.

Notes:

Print version record

June 1994.