Arbeitspapier
Aggregate impacts of a gift of time
How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s. Using time-diaries from before and after these shocks, we show that these shocks were effective - per-capita hours of market work declined discretely. The economy-wide drops in market work were reallocated solely to leisure and personal maintenance. In the absence of changing household technology a permanent time gift leads to no increase in time spent in household production by the average individual.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 6199
- Classification
-
Wirtschaft
Time Allocation and Labor Supply
Demographic Trends, Macroeconomic Effects, and Forecasts
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- Subject
-
time use
household production
demand shock
macroeconomic effects
Arbeitszeit
Dauer
Zeitverwendung
Freizeit
Hausarbeit
Haushaltsproduktion
Japan
Südkorea
- Event
-
Geistige Schöpfung
- (who)
-
Lee, Jungmin
Kawaguchi, Daiji
Hamermesh, Daniel S.
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-201201107486
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lee, Jungmin
- Kawaguchi, Daiji
- Hamermesh, Daniel S.
- Institute for the Study of Labor (IZA)
Time of origin
- 2011
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A systematic framework for measuring aggregate employment impacts of development cooperation
Impacts of mothers' time on children's diets
An Unneighborly Gift in Times of Need
Impacts of mothers’ time on children’s diets
Forecasting nonlinear aggregates and aggregates with time-varying weights
The Time-Varying Volatility of Earnings and Aggregate Precautionary Savings
The time-series properties of aggregate consumption: implications for the costs of fluctuations
Aggregate demand, idle time, and unemployment