dramatic increase in leisure time lies behind the relatively stable number of market hours worked (per working-age adult …) between 1965 and 2003. Specifically, we show that leisure for men increased by 6-8 hours per week (driven by a decline in … leisure corresponds to roughly an additional 5 to 10 weeks of vacation per year, assuming a 40-hour work week. Alternatively …

From the theoretical point of view, the justification for aggregating leisure and work at home into one entity, "non … socioeconomic variables than is leisure, and this paper shows that the aggregation is also suspect from the analytical point of view …

implications for how aggregate labor supply responds to changes in taxes. In the first model, curvature in the utility from leisure … extent of curvature in the utility from leisure function …

Major strands of recent macroeconomic theory hinge on the relation of workers' efforts to their wages, but there has … average worker relaxing at work has no impact on earnings (and is presumably unproductive). Additional on-the- job leisure … does raise earnings of workers whose break time is very short. Only among union workers, for whom additional leisure time …

for this economy, thereby obtaining a theory of endogenous growth that captures in a tractable way the social nature of …