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来源类型Working Paper
规范类型报告
DOI10.3386/w23552
来源IDWorking Paper 23552
Leisure Luxuries and the Labor Supply of Young Men
Mark Aguiar; Mark Bils; Kerwin Kofi Charles; Erik Hurst
发表日期2017-07-03
出版年2017
语种英语
摘要Younger men, ages 21 to 30, exhibited a larger decline in work hours over the last fifteen years than older men or women. Since 2004, time-use data show that younger men distinctly shifted their leisure to video gaming and other recreational computer activities. We propose a framework to answer whether improved leisure technology played a role in reducing younger men's labor supply. The starting point is a leisure demand system that parallels that often estimated for consumption expenditures. We show that total leisure demand is especially sensitive to innovations in leisure luxuries, that is, activities that display a disproportionate response to changes in total leisure time. We estimate that gaming/recreational computer use is distinctly a leisure luxury for younger men. Moreover, we calculate that innovations to gaming/recreational computing since 2004 explain on the order of half the increase in leisure for younger men, and predict a decline in market hours of 1.5 to 3.0 percent, which is 38 and 79 percent of the differential decline relative to older men.
主题Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Labor Economics
URLhttps://www.nber.org/papers/w23552
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/581226
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Mark Aguiar,Mark Bils,Kerwin Kofi Charles,et al. Leisure Luxuries and the Labor Supply of Young Men. 2017.
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