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per worker have also been on a steady decline. As recreation goods make leisure time more enjoyable, we investigate if the … changing price of leisure faced by these groups over time. We then construct a macroeconomic model with general preferences … large part of the decline in hours worked can be explained by the declining price of leisure. In contrast, we find mixed …
Persistent link: https://www.econbiz.de/10012827322
document three main results. First, time allocated to leisure increased and to work decreased among more remote jobs with no … in leisure was not driven by a quiet quitting' phenomenon …
Persistent link: https://www.econbiz.de/10014345973
We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated...
Persistent link: https://www.econbiz.de/10005067610
dynamic leisure externalities leads to dramatically different predictions. Here we show that when the old perceive private and …
Persistent link: https://www.econbiz.de/10010991146
dynamic leisure externalities leads to dramatically different predictions. Here we show that when the old perceive private and …
Persistent link: https://www.econbiz.de/10010535419
capital accumulation in which mankind has solved its economic problem and enjoys a lifestyle predominantly framed by leisure …
Persistent link: https://www.econbiz.de/10014464162
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas the efficiency of one alternative energy source is limited. With capital and energy as complements, there exist two steady states: one stagnant where energy is fully derived...
Persistent link: https://www.econbiz.de/10010529424
Persistent link: https://www.econbiz.de/10000336661
work declined discretely. The economy-wide drops in market work were reallocated solely to leisure and personal maintenance …
Persistent link: https://www.econbiz.de/10009422580
Since World War II there has been: (i) a rise in the fraction of time that married households allocate to market work, (ii) an increase in the rate of divorce, and (iii) a decline in the rate of marriage. It is argued here that labor-saving technological progress in the household sector can...
Persistent link: https://www.econbiz.de/10014069903