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Synopsis
Diminishing Returns at Work focuses on working hours - in the past and in the present, in America and in Britain. John Pencavel illustrates the proportional relationship between hours of work and outcomes such as production and health. Increases in hours of work are shown to result in smaller increases in production and the benefits in output of long working hours may not offset the consequences of long hours for the health and quality of life of workers. Shorter hours of work might benefit both firms and workers.
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About the Author
John H. Pencavel is the Levin Professor of Economics-Emeritus, Stanford University.
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Diminishing Returns at Work: The Consequences of Long Working Hours
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Oxford University Press, 2018
ISBN 10: 0190876166
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Diminishing Returns at Work: The Consequences of Long Working Hours (eng)
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Diminishing Returns at Work: The Consequences of Long Working Hours
Published by
Oxford University Press Inc, 2018
ISBN 10: 0190876166
ISBN 13: 9780190876166
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Hardcover
First Edition
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Diminishing Returns at Work
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Oxford University Press Inc, US, 2018
ISBN 10: 0190876166
ISBN 13: 9780190876166
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Hardback. Condition: New. The relationship between the number of hours worked and productivity has long fascinated economists and management. It is a central component of the production function that translates inputs to outputs. While increasing the number of hours someone works may increase output, this incisive book demonstrates that there are diminishing returns to long working hours.John Pencavel, of Stanford University, provides an overview of how the length of working hours evolved from the 19th century to today and how the number of working hours affects work performance and other outcomes, including health, well-being, and wages. Diminishing Returns at Work provides a brief history of working hours both in the United States and Britain, including the influence of trade unions pushing for shorter hours of work, the tension with employers who resisted reducing hours, and the influence of legislation and custom. Pencavel discusses various conceptual frameworks for specifying production functions that measure the relationship between inputs and outputs and develops an alternative approach to estimate actual relationships through a reevaluation of classic studies, including the productivity of munitions workers in Britain during the First and Second World Wars, a variety of industries in the United States in the Second World War, and plywood mills in Washington during the 1980s. The book also explores the influence of working hours on the incidence of sickness and injuries and the associations between hours of work and wages. The declining effectiveness of long hours is manifested not only in marketable output but also in a rising probability of ill-health and accidents, and evidence of this has been found both for blue-collar workers and for white-collar workers. In short, shorter hours of work might benefit both firms and workers. Seller Inventory # LU-9780190876166
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Diminishing Returns at Work: The Consequences of Long Working Hours
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ISBN 10: 0190876166
ISBN 13: 9780190876166
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Diminishing Returns at Work: The Consequences of Long Working Hours
Published by
Oxford University Press Inc, 2018
ISBN 10: 0190876166
ISBN 13: 9780190876166
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Diminishing Returns at Work (Hardcover)
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ISBN 10: 0190876166
ISBN 13: 9780190876166
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Hardcover. Condition: new. Hardcover. The relationship between the number of hours worked and productivity has long fascinated economists and management. It is a central component of the production function that translates inputs to outputs. While increasing the number of hours someone works may increase output, this incisive book demonstrates that there are diminishing returns to long working hours.John H. Pencavel provides an overview of how the length of working hours evolvedfrom the 19th century to today and how the number of working hours affects work performance and other outcomes, including health, well-being, and wages. Diminishing Returns at Work provides a briefhistory of working hours both in the United States and Britain, including the influence of trade unions pushing for shorter hours of work, the tension with employers who resisted reducing hours, and the influence of legislation and custom. Pencavel discusses various conceptual frameworks for specifying production functions that measure the relationship between inputs and outputs and develops an alternative approach to estimate actual relationships through a reevaluation of classic studies,including the productivity of munitions workers in Britain during the First and Second World Wars and plywood mills in Washington during the 1980s among others.The decliningeffectiveness of long hours is manifested not only in marketable output but also in a rising probability of ill-health and accidents, and evidence of this has been found both for blue-collar workers and for white-collar workers. In short, shorter hours of work might benefit both firms and workers. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780190876166
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Diminishing Returns at Work: The Consequences of Long Working Hours
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