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.
• The first ever comprehensive evaluation of the important labour market phenomenon of overtime working • A comprehensive analysis of the overtime decision and the payment of an overtime premium • Detailed international background evidence and reviews of empirical and labour market policy research into overtime hours and pay
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?
'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