Oxford Events, the new replacement for OxTalks, will launch on 16th March. The two-week OxTalks freeze period starts on Monday 2nd March. During this time, there will be no facility to publish or edit events. The existing OxTalks site will remain available to view during this period. Once Oxford Events launches, you will need a Halo login to submit events. Full details are available on the Staff Gateway.
We use data from the World Values Survey and the Work Orientations Survey to analyse the cyclical nature of work effort and attitudes to work effort. Our aim is to test two competing theories of labor effort, the labor hoarding view and the Shapiro and Stiglitz (1984) ‘shirking model’. Self-reported work effort is found to be strongly procyclical, while attitudes to effort move slightly countercyclically. We provide evidence for the presence of labor hoarding by showing how the cyclicality of effort changes with the strictness of employment protection legislation. Finally, we document heterogeneity in effort cyclicality across occupations and individuals.
