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Trend in Hours: The U.S. from 1900 to 1950

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Abstract

During the first half of the 20th century the workweek in the United States declined, and the distribution of hours across wage deciles narrowed. At the same time, the distribution of wages narrowed too. The hypothesis proposed is (i) Households have access to an increasing number of leisure activities which enhance the value of non-market time; (ii) The rise of education accounts for the narrowing of the wage and hours distribution. Such mechanisms, embedded into a neoclassical growth model, quantitatively account for the observations. The rise in wages is the main contributor to the decline in hours. The decline in the price of leisure goods is second in importance, yet its contribution is large.

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Bibliographic Info

Paper provided by Economie d'Avant Garde in its series Economie d'Avant Garde Research Reports with number 11.

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Length: 36 pages
Date of creation: Jul 2005
Date of revision: Nov 2005
Handle: RePEc:eag:rereps:11

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Keywords: Hours worked; leisure; home production; technological progress;

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  2. Neville Francis & Valerie A. Ramey, 2005. "A Century of Work and Leisure," 2005 Meeting Papers 250, Society for Economic Dynamics.
  3. Moshe Hazan, 2006. "Longevity and Lifetime Labor Input: Data and Implications," DEGIT Conference Papers c011_065, DEGIT, Dynamics, Economic Growth, and International Trade.
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Citations

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Cited by:
  1. Hazan, Moshe, 2006. "Longevity and Lifetime Labour Input: Data and Implications," CEPR Discussion Papers 5963, C.E.P.R. Discussion Papers.
  2. Galindev, Ragchaasuren, 2008. "The Evolution of Population, Technology and Output," MPRA Paper 17116, University Library of Munich, Germany, revised 22 Aug 2009.
  3. 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.
  4. Diego Restuccia & Guillaume Vandenbroucke, 2012. "A Century of Human Capital and Hours," Working Papers tecipa-450, University of Toronto, Department of Economics.
  5. Vinod Mishra & Russell Smyth, 2012. "Work Hours in Chinese Enterprises: Evidence From Matched Employer-Employee Data," Development Research Unit Working Paper Series 10-12, Monash University, Department of Economics.
  6. John A. Knowles, 2013. "Why are Married Men Working So Much? An Aggregate Analysis of Intra-Household Bargaining and Labour Supply," Review of Economic Studies, Oxford University Press, vol. 80(3), pages 1055-1085.
  7. Bar, Michael & Leukhina, Oksana, 2011. "On the time allocation of married couples since 1960," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 491-510.
  8. Ricardo Manuel Santos, . "Dynamic Effects of Labor Supply: a mechanism explaining cross-sectional differences in hours," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics.
  9. Moshe Hazan, 2009. "Longevity and Lifetime Labor Supply: Evidence and Implications," Econometrica, Econometric Society, vol. 77(6), pages 1829-1863, November.
  10. Yukawa, Shiho, 2012. "教養娯楽価格が出産に与える影響
    [The Effect of Recreational Goods Price on Fertility]
    ," MPRA Paper 35808, University Library of Munich, Germany.

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