| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13995 |
| DP13995 Labor Market Trends and the Changing Value of Time | |
| Job Boerma; Loukas Karabarbounis | |
| 发表日期 | 2019-09-14 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | During the past two decades, households experienced increases in their average wages and expenditures alongside with divergent trends in their wages, expenditures, and time allocation. We develop a model with incomplete asset markets and household heterogeneity in market and home technologies and preferences to account for these labor market trends and assess their welfare consequences. Using micro data on expenditures and time use, we identify the sources of heterogeneity across households, document how these sources have changed over time, and perform counterfactual analyses. Given the observed increase in leisure expenditures relative to leisure time and the complementarity of these inputs in leisure technology, we infer a significant increase in the average productivity of time spent on leisure. The increasing productivity of leisure time generates significant welfare gains for the average household and moderates negative welfare effects from the rising dispersion of expenditures and time allocation across households. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | Time use Consumption Leisure productivity Inequality |
| URL | https://cepr.org/publications/dp13995 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542877 |
| 推荐引用方式 GB/T 7714 | Job Boerma,Loukas Karabarbounis. DP13995 Labor Market Trends and the Changing Value of Time. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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