Lee, Jungmin; Kawaguchi, Daiji; Hamermesh, Daniel S. - Institute for the Study of Labor (IZA) - 2011
How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s. Using time-diaries from before and after these shocks,...