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来源类型Working Paper
规范类型报告
DOI10.3386/w11629
来源IDWorking Paper 11629
Hours Worked: Long-Run Trends
Jeremy Greenwood; Guillaume Vandenbroucke
发表日期2005-09-19
出版年2005
语种英语
摘要For 200 years the average number of hours worked per worker declined, both in the market place
and at home. Technological progress is the engine of such transformation. Three mechanisms are
stressed:
(i) The rise in real wages and its corresponding wealth effect;
(ii) The enhanced value of time off from work, due to the advent of time-using leisure goods;
(iii) The reduced need for housework, due to the introduction of time-saving appliances.
These mechanisms are incorporated into a model of household production. The notion of Edgeworth-Pareto complementarity/substitutability is key to the analysis. Numerical examples link theory and data.
This note has been prepared for The New Palgrave Dictionary of Economics, 2nd edition, edited
by Lawrence E. Blume and Steven N. Durlauf (London: Palgrave Macmillan).
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Development ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w11629
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569274
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Jeremy Greenwood,Guillaume Vandenbroucke. Hours Worked: Long-Run Trends. 2005.
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