Trends in hours and economic growth
By: by L. Rachel Ngai, Christopher A. Pissarides.
Contributors: Pissarides, Christopher A.
Series: Discussion paper -- no. 2540; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2540
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Hours of labor -- United States; United States -- Economic conditions -- 1993-
Description: "We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and services. The model can rationalize the observed falling or U-shaped pattern for aggregate hours, the complete marketization of agriculture and manufacturing, and the shift from agriculture to services without violating balanced aggregate growth. We find support for the model's predictions in long-run US data"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 3/16/2007.

Includes bibliographical references.

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