Duernecker, Georg; Herrendorf, Berthold - 2015 - First version: October 1, 2012, This version: April 22, 2015
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...
