Diminishing returns at work : the consequences of long working hours / John H. Pencavel.

Author
Pencavel, John H. [Browse]
Format
Book
Language
English
Published/​Created
New York, NY : Oxford University Press, [2018]
Description
ix, 255 pages : illustrations ; 22 cm

Details

Subject(s)
Summary note
  • " The relationship between the number of hours worked and productivity has long fascinated economists and management. It is a central component of the production function that translates inputs to outputs. While increasing the number of hours someone works may increase output, this incisive book demonstrates that there are diminishing returns to long working hours. John Pencavel, of Stanford University, provides an overview of how the length of working hours evolved from the 19th century to today and how the number of working hours affects work performance and other outcomes, including health, well-being, and wages. Diminishing Returns at Work provides a brief history of working hours both in the United States and Britain, including the influence of trade unions pushing for shorter hours of work, the tension with employers who resisted reducing hours, and the influence of legislation and custom. Pencavel discusses various conceptual frameworks for specifying production functions that measure the relationship between inputs and outputs and develops an alternative approach to estimate actual relationships through a reevaluation of classic studies, including the productivity of munitions workers in Britain during the First and Second World Wars, a variety of industries in the United States in the Second World War, and plywood mills in Washington during the 1980s. The book also explores the influence of working hours on the incidence of sickness and injuries and the associations between hours of work and wages. The declining effectiveness of long hours is manifested not only in marketable output but also in a rising probability of ill-health and accidents, and evidence of this has been found both for blue-collar workers and for white-collar workers. In short, shorter hours of work might benefit both firms and workers. "-- Provided by publisher.
  • "The book concerns working hours - in the past and in the present, in America and in Britain. The focus is on the relation between hours of work and outcomes such as production and health. Proportional increases in hours of work are shown to result in smaller proportional increases in production and the benefits in output of long working hours may not offset the consequences of long hours for the health and quality of life of workers. Shorter hours of work might benefit both firms and workers"-- Provided by publisher.
Contents
Machine generated contents note: -- I. Introduction: Why Working Hours? -- II. A Brief History of Working Hours -- III. Conceptual Framework -- IV. Estimates of Production Functions -- V. Further Implications of the Augmented Production Functions -- VI. Hours of Work, Health, and Well-Being -- VII. The Association between Working Hours and Hourly Earnings -- VIII. Concluding Notes.
ISBN
  • 9780190876166 (hardcover)
  • 0190876166 (hardcover)
  • (electronic book)
LCCN
2017052160
OCLC
1019928953
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