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In this chapter we explore the macroeconomics of time allocation. We begin with an overview of the trends in market hours in the United States, both in the aggregate and for key subsamples. After introducing a Beckerian theoretical framework, the chapter then discusses key empirical patterns of...
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The demands on a person's time vary over their working life, so that the years in which they might be expected to devote most time to work may also be the period when other commitments, such as bringing up children, are most pressing. Estimates of the intertemporal labor supply elasticity that...
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labor decisions. In contrast to the setup in Mc- Grattan, Rogerson and Wright (1997), here each household faces an …
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population in the household then examine the determinants of the decision to supply labour. The fraction of home …-produced childcare to household childcare needs is considered to be a public good within the household, for which preferences are … of the choice of home childcare vs. labour supply. We are able to quantify each household's sensitivity to potential …
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individual takes a second job) and household production, by exploiting the Chinese Two-Day Weekend Policy, which effectively … predicts a decline in labour supply in both private and public sectors as work hours were reduced. In theory, the time spent on … household production may increase or decrease or the time spent on the second job may increase or decrease depending on how much …
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We provide evidence on household and market production in 36 countries since 1960. On average the household sector … accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in … decrease and increase. Estimating the value added of household production yields similar patterns. Labor productivity of …
Persistent link: https://www.econbiz.de/10011348007