| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26301 |
| 来源ID | Working Paper 26301 |
| Labor Market Trends and the Changing Value of Time | |
| Job Boerma; Loukas Karabarbounis | |
| 发表日期 | 2019-09-23 |
| 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 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w26301 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583973 |
| 推荐引用方式 GB/T 7714 | Job Boerma,Loukas Karabarbounis. Labor Market Trends and the Changing Value of Time. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26301.pdf（1306KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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