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We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
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We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10003523486
Persistent link: https://www.econbiz.de/10003365816
Persistent link: https://www.econbiz.de/10012436325
We study the allocation of time in the U.S. and in Europe during 1960-2010. We find that market hours decreased and leisure increased most in France and least in the U.S. Contrary to what standard theory predicts, home hours changed comparatively little. We show that the growth model with home...
Persistent link: https://www.econbiz.de/10011306108
We document for the US and Continental Europe that home-production time remained essentially flat during the last 50 years while changes in market time and leisure offset each other. We then focus on the US and France during 1970-2005 which are on the opposite sides of the spectrum: while US...
Persistent link: https://www.econbiz.de/10011490472
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