Employment, Labour Utilization and Procyclical Labour Productivity
通过理论和实证框架分析劳动成本参数变化对就业和劳动利用的影响，解释了劳动生产率的顺周期波动，并发现减少标准工时会导致就业损失。
The paper provides a theoretical and empirical framework to analyze the effects of change in various labor-cost parameters on employment and labor utilization. By accounting for overtime work, a nonlinear cost scheme is obtained that can serve as an explanation of procyclic al movements in labor productivity. A generalized Leontief system, based on an onlinear labor-cost scheme, is estimated for employment, average hours worked, and capital input. The empirical evidence is consistent with the stylized fact of procyclical labor productivity. A reduction of standard hours leads to a loss in employment. Copyright 1988 by WWZ and Helbing & Lichtenhahn Verlag AG