Showing 1 - 10 of 53
have spent nearly $5 trillion ($2017) to provide clean rivers, lakes, and drinking water, or annual spending of 0.8 percent … of U.S. GDP in most years. Yet over half of rivers and substantial shares of drinking water systems violate standards …, and polls for decades have listed water pollution as Americans' number one environmental concern. We assess the history …
Persistent link: https://www.econbiz.de/10012480024
recreational goods and created new products that increased demand for recreation, and increased public provision of recreational …
Persistent link: https://www.econbiz.de/10012471646
I show that recreation has become much more egalitarian over the last hundred years by estimating recreational … incomes, declines in the price of recreation, and investment in public recreational goods. My findings have implications for …
Persistent link: https://www.econbiz.de/10012472760
The object of this paper is to examine the importance of capital market assumptions. A special continuous-time model is developed in sections II-IV which is applicable to the perfect capital market case. It can also be used when there is no capital market at all (section IV). For 'reasonable'...
Persistent link: https://www.econbiz.de/10012478922
From the theoretical point of view, the justification for aggregating leisure and work at home into one entity, "non-market …
Persistent link: https://www.econbiz.de/10012478992
Why are average hours worked per adult lower in rich countries than in poor countries? Two natural candidates to consider are income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012480498
This paper examines inequality in both leisure and consumption over the past four decades using time use surveys stretching from 1975 to 2016. We show that individual and family characteristics, especially when including work hours, explain most of the long run variation in leisure. We then use...
Persistent link: https://www.econbiz.de/10012480851
The real price of recreation goods and services has fallen dramatically over the last century. At the same time, hours … per worker have also been on a steady decline. As recreation goods make leisure time more enjoyable, we investigate if the … recreation prices on hours worked, we use variation in the bundle of recreational goods across demographic groups to instrument …
Persistent link: https://www.econbiz.de/10012481292
Using the Consumption Activities Mail Survey (CAMS) module in the HRS we document how time allocations change for individuals within a household when one or more members transitions from full time work to not working. Our basic finding is that the ratio of home production to leisure time is...
Persistent link: https://www.econbiz.de/10012453451
Hundreds of papers have investigated how incentives and policies affect hours worked in the market. This paper examines how income taxes affect time allocation in the other two-thirds of the day. Using the Panel Study of Income Dynamics from 1975 to 2004, we analyze the response of single...
Persistent link: https://www.econbiz.de/10012463066