Aggregate impacts of a gift of time
By: Jungmin Lee, Daiji Kawaguchi, Daniel S. Hamermesh
Contributors: Kawaguchi, Daiji; Hamermesh, Daniel S.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17649; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17649.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s.  Using time-diaries from before and after these shocks, we show that these shocks were effective-per-capita hours of market work declined discretely.  The economy-wide drops in market work were reallocated solely to leisure and personal maintenance.  In the absence of changing household technology a permanent time gift leads to no increase in time spent in household production by the average individual"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 2/14/2012.

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