TY  - JOUR
AU  - Hamermesh,Daniel S.
TI  - Policy Transferability and Hysteresis: Daily and Weekly Hours in the    BRD and the US
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4773
PY  - 1994
Y2  - June 1994
UR  - http://www.nber.org/papers/w4773
L1  - http://www.nber.org/papers/w4773.pdf
N1  - Author contact info:
Daniel S. Hamermesh
Department of Economics
University of Texas
Austin, TX 78712-1173
Tel: 512/475-8526
Fax: 512/471-3510
E-Mail: hamermes@eco.utexas.edu
AB  - I develop a model with the path of labor-market outcomes exhibiting hysteresis depending on prior labor-market policy.  The results suggest that attempts to transfer policies across economies lead to surprising results even if current economic outcomes in the countries appear similar.  Examples of minimum wages, optimal income maintenance, and training programs are given.  The results are applied to a discussion of overtime laws and differences in days worked and weekly hours in the U.S. and Germany.
ER  -