Arbeitspapier

Overtime Work, Overtime Compensation and the Distribution of Economic Well-Being: Evidence for West Germany and Great Britain

Using panel data for West Germany and Great Britain, we show that there are striking differences in overtime work and overtime compensation in the two countries in the 1990s. Our estimates reveal that the observed overtime patterns affect both the evolution of the monthly labour earnings distribution and individual economic well-being differently in West Germany and Great Britain. Besides varying labour market institutions in the two countries a higher incidence of a combination of performance-related pay and unpaid overtime in Great Britain is an important factor in explaining the observed differences. With regards to West Germany, we show that the current policy of transforming paid overtime in ?working time accounts?, which is conducted in the spirit of ?work-sharing?, is neither beneficial for employed workers in terms of income mobility, nor in terms of overall job satisfaction nor in terms of working time preferences.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 318

Classification
Wirtschaft
Time Allocation and Labor Supply
Compensation Packages; Payment Methods
Labor Demand
Wage Level and Structure; Wage Differentials
Subject
Overtime
wage inequality
economic well-being
semi-parametric decomposition technique
panel data
Überstunden
Lohn
Arbeitszeitflexibilisierung
Einkommenseffekt
Beschäftigungseffekt
Schätzung
Vergleich
Deutschland
Großbritannien

Event
Geistige Schöpfung
(who)
Pannenberg, Markus
Wagner, Gert G.
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2001

Handle
Last update
20.09.2024, 8:21 AM CEST

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Pannenberg, Markus
  • Wagner, Gert G.
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2001

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