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(relatively) tax complements to leisure and subsidize substitutes because doing so helps to offset the distorting effect of …, Atkinson and Stiglitz (1976) claim to have demonstrated the opposite, that goods complementary with leisure should "face lower … optimality of relatively taxing leisure complements is indeed correct, and conflicting results are explained …
Persistent link: https://www.econbiz.de/10012464250
I show that recreation has become much more egalitarian over the last hundred years by estimating recreational expenditure elasticities in 1888-1890, 1917-1919, 1935-1936, 1972-1973, and 1991. I find that expenditure elasticities have fallen from around two at the beginning of the century to...
Persistent link: https://www.econbiz.de/10012472760
Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we … develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for …. Finally, leisure per capita is approximately the same now as it was in 1900 …
Persistent link: https://www.econbiz.de/10012466404
per worker have also been on a steady decline. As recreation goods make leisure time more enjoyable, we investigate if the … for the changing price of leisure faced by these groups over time. We then construct a macroeconomic model with general … that a large part of the decline in hours worked can be explained by the declining price of leisure. In contrast, we find …
Persistent link: https://www.econbiz.de/10012481292
-2005. We find that the time individuals have allocated to leisure has increased in the U.S. for both men and women during this … increase in leisure inequality, particularly for men. Over the last 20 years, less educated men increased the time they … allocated to leisure while more educated men recorded a decrease in leisure time. While the relative decline in the employment …
Persistent link: https://www.econbiz.de/10012464809
Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican … consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains … regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect …
Persistent link: https://www.econbiz.de/10012456375
industries with high exposure to climate and similarly large decreases in time allocated to outdoor leisure. We also find … of the US, the net impacts on total employment are likely to be small, but significant changes in leisure time as well as …
Persistent link: https://www.econbiz.de/10012462934
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from curtailing aggregate risks. First-best can be implemented...
Persistent link: https://www.econbiz.de/10012482023
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10012461838
World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and … countries to enhance, complement, and contextualise the work of the World Bank and others …
Persistent link: https://www.econbiz.de/10014250172