Economics Of Overtome Working, The

Description:
Numerous individuals throughout international labour markets work hours in excess of their standard contractual hours. Overtime working is a vital consideration in the employment and wage decisions of many households and firms. From a policy perspective, overtime is at the centre of interest in the work sharing/unemployment trade off. Robert Hart presents the first comprehensive economic evaluation of this phenomenon, examining theoretical, empirical and policy aspects of overtime hours and pay. In a comparative assessment of labour supply, labour demand and compensating differential models of overtime behaviour, he utilises detailed international evidence drawn from the United States, Western Europe and Japan. Policy initiatives linked to job creation, work sharing, absenteeism and payroll taxation are critically assessed and presented in an intuitive manner. Displaying analytical rigour and empirical expertise, Robert Hart's work extends far beyond a mere summary of existing research to enliven and inform debate.

Review:
'Robert Hart has written the definitive book on the economics of overtime work. His insightful and readable volume is sure to become the standard reference for researchers and policymakers interested in this important dimension of the labor market. Not only does Hart ably survey and synthesize what we currently know about the topic, but he also highlights existing puzzles and new developments where future research could be especially fruitful.' Steve Trejo

Table of Contents:
1. Overview; 2. Facts and figures; 3. The overtime decision; 4. The overtime premium; 5. Overtime hours and empirical studies; 6. Overtime pay and empirical studies; 7. Policy issues; 8. Is overtime working here to stay?

Author Biography:
Robert A. Hart is Professor of Economics at the University of Stirling. He is a labour market economist and acknowledged authority on the economics of working time. He is the author of The Economics of Non-Wage Labour Costs (1984), Working Time and Employment (1987), Human Capital, Employment and Bargaining (with Thomas Moutos, 1995) and Work and Pay in Japan (with Seiichi Kawasaki, 1999).