Kawaguchi, Daiji; Lee, Jungmin; Hamermesh, Daniel S. - 2012
cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s … reduction in market time, with the free-up time in Japan reallocated to leisure and personal maintenance, while in Korea the … results are mixed, showing some impact on household production. Simulations using GMM estimates of a Stone-Geary utility …