Abstract
The concern of this chapter is with the estimation of the marginal productivity of hours worked for British manufacturing industries. Such estimates are of particular interest when considering the policy option of reducing average hours worked to increase employment (i.e., the number of employees). The approach taken is separately to specify the numbers of employees and hours worked in a production function.
Derek Leslie kindly provided some of the data utilised in this study, and some helpful references.
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© 1987 Derek Bosworth and David F. Heathfield
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Baillie, R.T., Silver, M. (1987). Estimating the Relationship Between Output and Hours Worked in United Kingdom Manufacturing and Production Industries. In: Bosworth, D., Heathfield, D.F. (eds) Working Below Capacity. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08649-8_10
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