Apparently it also decreases how much people can or will work.
a one percent increase in sulfur dioxide results in a 0.61 percent decrease in the hours worked.
That is far, but not that far, from one for one.
Evidence from the closing of a Mexican refinery, from Rema Hanna and Paulina Oliva.
One Response
Extremely interesting, thanks. We’re obtaining similarly large estimates for worker responses to temperature: a reduction of about 2% for each additional 1 degree (Celsius) above 27 degrees (see here).