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We study the allocation of time in the U.S. and in Europe during 1960-2010. We find that market hours decreased and leisure increased most in France and least in the U.S. Contrary to what standard theory predicts, home hours changed comparatively little. We show that the growth model with home...
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We document for the US and Continental Europe that home-production time remained essentially flat during the last 50 years while changes in market time and leisure offset each other. We then focus on the US and France during 1970-2005 which are on the opposite sides of the spectrum: while US...
Persistent link: https://www.econbiz.de/10011490472
We provide evidence on household and market production in 36 countries since 1960. On average the household sector accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in total hours worked initially declines and then hardly...
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We provide evidence on household and market production in 36 countries since 1960. On average the household sector accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in total hours worked initially declines and then hardly...
Persistent link: https://www.econbiz.de/10013012290
We provide evidence on household and market production in 36 countries since 1960. On average the household sector accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in total hours worked initially declines and then hardly...
Persistent link: https://www.econbiz.de/10011348007