Barzel, Yoram
May 1973
Quarterly Journal of Economics;May73, Vol. 87 Issue 2, p220
Academic Journal
This article determines the relative rate of pay for workers in the United States who are working at different numbers of hours. In the theory of wages the daily wage rate concept is contrasted with that of the hourly rate. In discussing the daily wage, J. R. Hicks clearly recognizes the dependence of productivity per hour on the number of hours worked in determining the length of the working day. Although not pushing this relationship very far, he does go substantially farther than subsequent economists who consider the constraint facing the individual as a determined hourly wage rate independent of the number of hours worked.


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