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Time Use during the Great Recession

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  • Mark Aguiar
  • Erik Hurst
  • Loukas Karabarbounis

Abstract

Using data from the American Time Use Survey between 2003 and 2010, we document that home production absorbs roughly 30 percent of foregone market work hours at business cycle frequencies. Leisure absorbs roughly 50 percent of foregone market work hours, with sleeping and television watching accounting for most of this increase. We document significant increases in time spent on shopping, child care, education, and health. Job search absorbs between 2 and 6 percent of foregone market work hours. We discuss the implications of our results for business cycle models with home production and non-separable preferences.

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Bibliographic Info

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

Volume (Year): 103 (2013)
Issue (Month): 5 (August)
Pages: 1664-96

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Handle: RePEc:aea:aecrev:v:103:y:2013:i:5:p:1664-96

Note: DOI: 10.1257/aer.103.5.1664
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Cited by:
  1. Christiano, Lawrence J. & Eichenbaum, Martin & Trabandt, Mathias, 2014. "Understanding the Great Recession," International Finance Discussion Papers 1107, Board of Governors of the Federal Reserve System (U.S.).
  2. Alessia Campolmi & Stefano Gnocchi, 2014. "Labor Market Participation, Unemployment and Monetary Policy," Working Papers 14-9, Bank of Canada.
  3. Adamopoulou, Effrosyni & Tanzi, Giulia M., 2014. "Academic Performance and the Great Recession," MPRA Paper 54913, University Library of Munich, Germany.
  4. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2013. "Unemployment and Business Cycles," NBER Working Papers 19265, National Bureau of Economic Research, Inc.
  5. Kawaguchi, Daiji & Lee, Jungmin & Hamermesh, Daniel S., 2012. "A Gift of Time," IZA Discussion Papers 6700, Institute for the Study of Labor (IZA).
  6. Loukas Karabarbounis, 2013. "The Labor Wedge: MRS vs. MPN," NBER Working Papers 19015, National Bureau of Economic Research, Inc.
  7. Greg Kaplan & Guido Menzio, 2013. "Shopping Externalities and Self-Fulfilling Unemployment Fluctuations," NBER Working Papers 18777, National Bureau of Economic Research, Inc.
  8. Zhen Huo & José-Víctor Ríos-Rull, 2013. "Paradox of Thrift Recessions," NBER Working Papers 19443, National Bureau of Economic Research, Inc.
  9. Olivier Coibion & Yuriy Gorodnichenko & Gee Hee Hong, 2012. "The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications," NBER Working Papers 18273, National Bureau of Economic Research, Inc.
  10. Robert E. Hall, 2014. "Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29 National Bureau of Economic Research, Inc.
  11. Paul Gomme & Damba Lkhagvasuren, 2011. "The Cyclicality of Search Intensity in a Competitive Search Model," Working Papers 11003, Concordia University, Department of Economics.

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