Corneo, Giacomo () (University of Osnabrück, CEPR, CESifo and IZA, Bonn)
Abstract
Evidence from a sample of countries show that people roughly spend as much time watching television as earning their living. Moreover, television viewing and work hours are positively correlated across countries. A simple model based on complementarities in the organization of free time is developed that explains such a pattern as resulting from multiple equilibria. In this model the equilibria can be inversely Pareto-ranked by their amount of television viewing. Arguments are offered to explain why in some countries a Pareto-inferior equilibrium might have come into being.
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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
376.
Find related papers by JEL classification: J2 - Labor and Demographic Economics - - Demand and Supply of Labor H0 - Public Economics - - General D1 - Microeconomics - - Household Behavior
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