Arbeitspapier
On the Allocation of Time - A Quantitative Analysis of the U.S. and France
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 production can account for the patterns in France and the U.S. if we feed in taxes and labor productivities. To obtain this result it is crucial to measure the labor productivity of home production in a comparable way in both countries, instead of calibrating these productivities like the literature does.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5475
- Klassifikation
-
Wirtschaft
General Aggregative Models: General
Particular Labor Markets: General
- Thema
-
home production
labor productivity
leisure
time allocation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Duernecker, Georg
Herrendorf, Berthold
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Duernecker, Georg
- Herrendorf, Berthold
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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