| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12325 |
| DP12325 Rising inequality and trends in leisure | |
| Liwa Rachel Ngai; Timo Boppart | |
| 发表日期 | 2017-09-21 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper develops a model that generates rising average leisure time and increasing leisure inequality along a path of balanced growth. Households derive utility from three sources: market goods, home goods and leisure. Home production and leisure are both activities that require time and capital. Households allocate time and capital to these non-market activities, work and rent capital out to the market place. The dynamics are driven by activity-specific TFP growth and a spread in the distribution of household-specific labor market efficiencies. When the spread is set to match the increase in wage inequality across education groups, the model can account for the observed average time series and cross-sectional dynamics of leisure time in the U.S. over the last five decades. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | Leisure Labor supply Inequality Home production Balanced growth path |
| URL | https://cepr.org/publications/dp12325 |
| 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/541135 |
| 推荐引用方式 GB/T 7714 | Liwa Rachel Ngai,Timo Boppart. DP12325 Rising inequality and trends in leisure. 2017. |
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