It has been argued that increasing the overtime pay premium may be one way to stimulate employment growth and reduce unemployment. This proposition is investigated for Australia and rejected. Increasing the overtime pay premium from time-and-a-half to double-time would currently create only about 9000 jobs and have little impact on the unemployment rate.
——— (1971b) 'Heterogeneous Labor, the Internal Labor Market, and the Enjoyment-Hours Decision', Journal of Economic Theory 3 March.
3.
— & Schumann, P.L. (1982), Longer Hours or More Jobs ? An Investigation of Amending Hours Legislation to Create EmploymentIthaca, NY, ILR Press..
4.
Hamermesh, D.S. & Grant, J. (1979) 'Econometric Studies of Labor—Labor Substitution and their Implications for Policy', Journal of Human Resources14, 4, 518-42.
5.
Hart, R.A. (1984), The Economics of Non-Wage Labour Costs, London, George Allen & Unwin.
6.
Jones, S. (1981), 'Penalty Rates Under Challenge', Journal of Industrial Relations23, December, 504-7.
7.
Killingsworth, M.R. (1981), 'A Survey of Labor Supply Models: Theoretical Analyses and First-Generation Empirical Results', in Ronald G. Ehrenberg (ed.), Research in Labor Economics 4, 1-64.
8.
Oi, W. (1962), 'Labor as a Quasi-Fixed Factor of Production', Journal of Political Economy70, December, 538-55.
9.
Rosen, S. (1968), 'Short-Run Employment Variations in Class I Railroads' , Econometrica36, July-October, 511-29.
10.
— 'The Supply of Work Schedules and Employment', in Work Time and Employment, Special Report No. 28. Washington, DC, National Commisssion for Employment Policy, 1978.
11.
Rothschild, K.W. (1982), 'A Note on Some Economic and Welfare Aspects of Working Time Regulation', Australian Economic Papers21, June, 214-18.
12.
Turnovsky, M., Folie, M. & Ulph, A. (1982), 'Factor Substitutability in Australian Manufacturing with Emphasis on Energy Inputs', Economic Record58, March, 61-72.
