Hours Worked in Selected OECD Countries: An Empirical Assessment

38 Pages Posted: 27 Jul 2017

See all articles by Vincenzo Atella

Vincenzo Atella

University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS); Department of Economics and Finance; University of Rome Tor Vergata - Faculty of Economics

Lorenzo Carbonari

Università di Roma "Tor Vergata"

Paola Samà

University of Rome Tor Vergata

Date Written: July 15, 2017

Abstract

In this paper, we empirically assess the evolution of the aggregate hours worked, with a particular emphasis on their age structure, in a sample of OECD countries, along the period 1970-2007. We show that the age composition of the workforce has a large and statistically signicant effect on hours worked volatility. To exploit the multilevel structure of our data, we use a Mixed Linear Model to investigate the consequences of (i) demographic change, (ii) sector-specific and (iii) country-specific factors on hours worked by "young" (aged 15-29) and "prime-aged" (29 ) individuals. We show that changes in workforce demographics, captured by the ratio between population older than 29 and population younger than 29, are strongly and significantly correlated with the amount of hours worked by "young" individuals. We also document the impact of sectoral capital intensity and profitability on the dynamics of (aggregate) hours worked. Finally, we show that productive public expenditure, here proxied by the public investment in ICT, is beneficial for the hours worked both by young and prime-aged individuals.

Keywords: Aggregate hours of work, Labor market institutions

JEL Classification: E2, J2, J6

Suggested Citation

Atella, Vincenzo and Carbonari, Lorenzo and Samà, Paola, Hours Worked in Selected OECD Countries: An Empirical Assessment (July 15, 2017). CEIS Working Paper No. 412. Available at SSRN: https://ssrn.com/abstract=3006023 or http://dx.doi.org/10.2139/ssrn.3006023

Vincenzo Atella

University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS) ( email )

Via Columbia, 2
Rome, I-00133
Italy
+39 06 72595648 (Phone)

Department of Economics and Finance ( email )

Via Columbia 2
Roma, 00133
Italy

University of Rome Tor Vergata - Faculty of Economics ( email )

Via Columbia n.2
I-00133 Rome, 00133
Italy
+39 06 72595635 (Phone)
+30 06 2020 500 (Fax)

HOME PAGE: http://www.economia.uniroma2.it/sefemeq/professori/atella/

Lorenzo Carbonari (Contact Author)

Università di Roma "Tor Vergata" ( email )

Via Columbia 2
Roma, Lazio 00133
Italy

Paola Samà

University of Rome Tor Vergata ( email )

Via di Tor Vergata
Rome, Lazio 00133
Italy

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