Aggregate impacts of a gift of time
by Jungmin Lee
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"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"--National Bureau of Economic Research web site.
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Aggregate impacts of a gift of time
2011, National Bureau of Economic Research
Electronic resource
in English
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Edition Notes
Title from PDF file as viewed on 2/14/2012.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| October 17, 2020 | Edited by MARC Bot | import existing book |
| February 22, 2012 | Created by LC Bot | import new book |