1 option
Aggregate Impacts of a Gift of Time / Jungmin Lee, Daiji Kawaguchi, Daniel S. Hamermesh.
- Format:
- Book
- Author/Creator:
- Lee, Jungmin.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17649.
- NBER working paper series no. w17649
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- 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.
- Notes:
- Print version record
- December 2011.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.