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Aggregate Impacts of a Gift of Time

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  • Jungmin Lee
  • Daiji Kawaguchi
  • Daniel S. Hamermesh

Abstract

How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours which raised employers' overtime costs in Japan around 1990 and in Korea in the early 2000s. Using time-diaries from before and after, we show the 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.

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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 102 (2012)
Issue (Month): 3 (May)
Pages: 612-16

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Handle: RePEc:aea:aecrev:v:102:y:2012:i:3:p:612-16

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References

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  1. Gimenez-Nadal, Jose Ignacio & Sevilla, Almudena, 2012. "Trends in Time Allocation: A Cross-Country Analysis," IZA Discussion Papers 6709, Institute for the Study of Labor (IZA).
  2. Huberman, Michael & Minns, Chris, 2007. "The times they are not changin': Days and hours of work in Old and New Worlds, 1870-2000," Explorations in Economic History, Elsevier, vol. 44(4), pages 538-567, October.
  3. Kuroda, Sachiko, 2010. "Do Japanese Work Shorter Hours than before? Measuring trends in market work and leisure using 1976-2006 Japanese time-use survey," Journal of the Japanese and International Economies, Elsevier, vol. 24(4), pages 481-502, December.
  4. Dominique Goux & Eric Maurin & Barbara Petrongolo, 2013. "Worktime Regulations and Spousal Labor Supply," Working Papers 709, Queen Mary, University of London, School of Economics and Finance.
  5. repec:bla:restud:v:72:y:2005:i:1:p:109-133 is not listed on IDEAS
  6. Mark Aguiar & Erik Hurst, 2006. "Measuring Trends in Leisure: The Allocation of Time Over Five Decades," NBER Working Papers 12082, National Bureau of Economic Research, Inc.
  7. Jungmin Lee & Daiji Kawaguchi & Daniel S. Hamermesh, 2012. "Aggregate Impacts of a Gift of Time," American Economic Review, American Economic Association, vol. 102(3), pages 612-16, May.
  8. Jeremy Greenwood & Ananth Seshadri & Mehmet Yorukoglu, 2005. "Engines of Liberation," Review of Economic Studies, Oxford University Press, vol. 72(1), pages 109-133.
  9. Daniel S. Hamermesh, 2002. "Timing, togetherness and time windfalls," Journal of Population Economics, Springer, vol. 15(4), pages 601-623.
  10. Mark A. Aguiar & Erik Hurst & Loukas Karabarbounis, 2011. "Time Use During Recessions," NBER Working Papers 17259, National Bureau of Economic Research, Inc.
  11. Daniel S. Hamermesh & Harley Frazis & Jay Stewart, 2005. "Data Watch: The American Time Use Survey," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 221-232, Winter.
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Cited by:
  1. Kawaguchi, Daiji & Lee, Jungmin & Hamermesh, Daniel S., 2013. "A gift of time," Labour Economics, Elsevier, vol. 24(C), pages 205-216.
  2. Jungmin Lee & Daiji Kawaguchi & Daniel S. Hamermesh, 2012. "Aggregate Impacts of a Gift of Time," American Economic Review, American Economic Association, vol. 102(3), pages 612-16, May.
  3. Jeremy Lise & Nao Sudo & Michio Suzuki & Ken Yamada & Tomoaki Yamada, . "Wage, Income and Consumption Inequality in Japan, 1981-2008: from Boom to Lost Decades," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics.
  4. Hamermesh, Daniel S. & Kawaguchi, Daiji & Lee, Jungmin, 2014. "Does Labor Legislation Benefit Workers? Well-Being after an Hours Reduction," IZA Discussion Papers 8077, Institute for the Study of Labor (IZA).
  5. Daiji Kawaguchi, 2013. "Fewer School Days, More Inequality," Global COE Hi-Stat Discussion Paper Series gd12-271, Institute of Economic Research, Hitotsubashi University.

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