Economic theory of supply and demand for overtime work in the Republic of Serbia and CEE countries

Abstract

The type of industrial relations and the regulatory framework, especially the level that determines working hours (national / industrial / enterprise) are the constitutive elements that determine the working hours regime. The analysis of the regulatory framework is crucial for understanding disparities in the distribution of working time in one country but not without including other social and economic factors that may shape and influence the incidence of work longer than legally prescribed (full) working time. It was found that the form of wage distribution and the amount of overtime premium (and / or the amount of free hours earned) can affect both supply and demand for overtime.

Keywords

• working hours
• overtime work
• demand
• supply