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来源类型Working Paper
规范类型报告
DOI10.3386/w29041
来源IDWorking 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
URLhttps://www.nber.org/papers/w29041
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/586715
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Brendan Epstein,Miles S. Kimball. The Decline of Drudgery and the Paradox of Hard Work. 2021.
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