Hours and wages: A bargaining approach
构建了一个包含固定劳动成本的讨价还价模型，解释工时与小时工资之间的驼峰形关系，并定量匹配美国数据中约50小时处工资最高的实证发现。
In a recent paper, Bick et al. (2022) show the presence of a hump-shaped relationship between hours and hourly wages with a maximum around 50 h worked. We show that a model with fixed labor costs where workers and firms bargain in wages and hours can help explain this non-linear relationship. Also, a quantitative version of the model is able to match the empirical hourly-wage to hours worked relationship estimated by those authors for the US.