Trends in Hours and Economic Growth

We study substitutions between home and market production over long periods of time. We use the results to get predictions about long-run trends in aggregate market hours of work and about employment shifts across economic sectors, driven by uneven TFP growth in market and home production. The model can rationalize the observed falling or U-shaped pattern for aggregate market hours, the complete marketization of home production in agriculture and manufacturing, and the employment shift from agriculture and manufacturing to services. We find support for the model's predictions in long-run US data. (Copyright: Elsevier)

MoreLess

Year of publication:	2008
Authors:	Ngai, L. Rachel ; Pissarides, Christopher A.
Published in:	Review of Economic Dynamics. - Society for Economic Dynamics - SED. - Vol. 11.2008, 2, p. 239-256
Publisher:	Society for Economic Dynamics - SED
Subject:	Hours of work \| Labor supply \| Structural transformation \| Home production \| Marketization \| Balanced growth

Online Resource

Check full text access |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Type of publication:	Article
Notes:	Published
Other identifiers:	10.1016/j.red.2007.07.002 [DOI]
Classification:	J21 - Labor Force and Employment, Size, and Structure ; J22 - Time Allocation and Labor Supply ; O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005090988