For 200 years the average number of hours worked per worker declined, both in the market place and in the home. Technological progress is the engine of such transformation. Three mechanisms are stressed: (i) The rise in real wages and its corresponding wealth effect; (ii) The enhanced value of...

For 200 years the average number of hours worked per worker declined, both in the market placeand at home. Technological progress is the engine of such transformation. Three mechanisms arestressed:(i) The rise in real wages and its corresponding wealth effect;(ii) The enhanced value of time off...