Does Labor Legislation Benefit Workers?
|Speaker:||Daniel Hamermesh, University of Texas at Austin & Royal Holloway University, London|
|Date: ||Friday 24 January 2014|
|Location: ||Matrix Lecture Theatre, Building One|
We examine changes in life satisfaction of Japanese and Koreans over a period when hours of work were cut because employers faced an overtime penalty that became effective with fewer hours per worker. Using repeated cross sections we show that life satisfaction did not decrease and may have increased in both countries especially among those workers most likely to have been affected by the legislation. There is no evidence of any effect in Korean longitudinal data. In a household model estimated over the Korean cross-section data we find no impact of reductions in one spouse�s work hours on the other�s well-being.