Showing 1 - 10 of 546
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
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
-wide influence on leisure patterns because of a social multiplier where the returns to leisure increase as more people are taking …
Persistent link: https://www.econbiz.de/10012467406
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
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 …
Persistent link: https://www.econbiz.de/10012462022
(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
Most economic models for time allocation ignore constraints on what people can actually do with their time. Economists recently have emphasized the importance of considering prior consumption commitments that constrain behavior. This research develops a new model for time valuation that uses...
Persistent link: https://www.econbiz.de/10012465052
In this paper we analyze income tax design in a two member household labor supply model where time spent on consumption together by the two household members is valued differently from time spent apart. We treat consumption as a non excludable public good to members of the household; one example...
Persistent link: https://www.econbiz.de/10012465143
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 …
Persistent link: https://www.econbiz.de/10012466587
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 …
Persistent link: https://www.econbiz.de/10012478992