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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 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.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 17649.

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Date of creation: Dec 2011
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Publication status: published as 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.
Handle: RePEc:nbr:nberwo:17649

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References

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  1. Jeremy Greenwood & Ananth Seshadri & Mehmet Yorukoglu, 2003. "Engines of Liberation," RCER Working Papers 503, University of Rochester - Center for Economic Research (RCER).
  2. Gimenez-Nadal, Jose Ignacio & Sevilla, Almudena, 2012. "Trends in time allocation: A cross-country analysis," European Economic Review, Elsevier, vol. 56(6), pages 1338-1359.
  3. Dominique Goux & Eric Maurin & Barbara Petrongolo, 2014. "Worktime Regulations and Spousal Labor Supply," American Economic Review, American Economic Association, vol. 104(1), pages 252-76, January.
  4. Daniel S. Hamermesh, 2002. "Timing, togetherness and time windfalls," Journal of Population Economics, Springer, vol. 15(4), pages 601-623.
  5. 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.
  6. 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.
  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. repec:bla:restud:v:72:y:2005:i:1:p:109-133 is not listed on IDEAS
  9. 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.
  10. 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.
  11. Mark A. Aguiar & Erik Hurst & Loukas Karabarbounis, 2011. "Time Use During Recessions," NBER Working Papers 17259, National Bureau of Economic Research, Inc.
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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. 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.
  3. 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.
  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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