Unpaid Overtime: Measuring its Contribution to the UK Industries’ Output

Papagiannaki, Eleni and Giraleas, Dimitris and Thanassoulis, Emmanuel (2021) Unpaid Overtime: Measuring its Contribution to the UK Industries’ Output. Working Paper 13. Centre for Applied Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University.

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Abstract

Unpaid overtime in Britain has been excessive. The article measures the
contribution of unpaid overtime in relation to UK industries economic output (Gross Value Added-GVA) for the period 2002-2012, using the Labour Force Survey (LFS) and the Office for National Statistics (ONS-Blue Book), capturing the different patterns before and after the 2007-8 crisis. Measuring unpaid overtime’s contribution and the other parts of working day has important implication on labour’s remuneration. The paper adopts an out-put-based approach evaluation of unpaid labour. A decomposed working day is therefore examined by employing statistical regression methods (Pooled OLS,LASSO and FGLS) to account for unpaid overtime’s contribution to the UK industries’ output (GVA). The results display a strong link between unpaid overtime and GVA, and particularly its post-crisis contribution to GVA is significant in contrast to the weak pre-crisis relationship.

Item Type:	Monograph (Working Paper)
Identification Number:	13
Dates:	Date Event 6 June 2021 Published Online
Subjects:	CAH09 - mathematical sciences > CAH09-01 - mathematical sciences > CAH09-01-03 - statistics CAH15 - social sciences > CAH15-02 - economics > CAH15-02-01 - economics
Divisions:	Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics > Centre for Accountancy Finance and Economics Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	Eleni Papagiannaki
Date Deposited:	07 Jun 2021 09:40
Last Modified:	20 Jun 2024 12:05
URI:	https://www.open-access.bcu.ac.uk/id/eprint/11749