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来源类型Working Paper
规范类型报告
DOI10.3386/w27744
来源IDWorking Paper 27744
Cheap Thrills: the Price of Leisure and the Global Decline in Work Hours
Alexandr Kopytov; Nikolai Roussanov; Mathieu Taschereau-Dumouchel
发表日期2020-08-31
出版年2020
语种英语
摘要Recreation prices and hours worked have both fallen over the last century. We construct a macroeconomic model with general preferences that allows for trending recreation prices, wages, and work hours along a balanced-growth path. Estimating the model using aggregate data from OECD countries, we find that the fall in recreation prices can explain a large fraction of the decline in hours. We also use our model to show that the diverging prices of the recreation bundles consumed by different demographic groups can account for much of the increase in leisure inequality observed in the United States over the last decades.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w27744
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/585416
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Alexandr Kopytov,Nikolai Roussanov,Mathieu Taschereau-Dumouchel. Cheap Thrills: the Price of Leisure and the Global Decline in Work Hours. 2020.
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