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THE STANDARDIZED WORK WEEK AND THE ALLOCATION OF TIME *
Author(s) -
Sherman Roger,
Willett Thomas D.
Publication year - 1972
Publication title -
kyklos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 58
eISSN - 1467-6435
pISSN - 0023-5962
DOI - 10.1111/j.1467-6435.1972.tb02571.x
Subject(s) - time allocation , work (physics) , context (archaeology) , welfare , work time , legislation , value (mathematics) , economics , minimum wage , wage , hourly wage , labour economics , service (business) , demographic economics , microeconomics , statistics , mathematics , engineering , economy , management , mechanical engineering , market economy , paleontology , political science , law , biology
SUMMARY Minimum‐wage, maximum hours legislation constrains employers in the hours of work they offer weekly to employees. Implications of this standardized work week are discussed here in the context of theories of the allocation of time. Some confounding of the effects due to income differences in such theories is shown to be possible because the value of consumers’ time is no longer indicated by their wage rates. Retail organization and service industries also can be expected to adjust to the differences in time value. Possible welfare bases for the standardized work week are noted.