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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29041 |
来源ID | Working Paper 29041 |
The Decline of Drudgery and the Paradox of Hard Work | |
Brendan Epstein; Miles S. Kimball | |
发表日期 | 2021-07-19 |
出版年 | 2021 |
语种 | 英语 |
摘要 | We develop a theory focusing on general equilibrium and long-run macroeconomic consequences of trends in job utility—the process benefits and costs of work. Given secular increases in job utility, work hours can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect. Secular improvements in job utility can be substantial relative to welfare gains from ordinary technological progress. These two implications are connected by an equation flowing from optimal hours choices: improvements in job utility that have a significant effect on labor supply tend to have large welfare effects. |
主题 | Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Development and Growth ; Growth and Productivity |
URL | https://www.nber.org/papers/w29041 |
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/586715 |
推荐引用方式 GB/T 7714 | Brendan Epstein,Miles S. Kimball. The Decline of Drudgery and the Paradox of Hard Work. 2021. |
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 | ||
w29041.pdf(458KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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