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Aggregate Impacts of a Gift of Time

  • Jungmin Lee
  • Daiji Kawaguchi
  • Daniel S. Hamermesh

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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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/aer.102.3.612
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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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  1. Greenwood,J. & Seshadri,A. & Yorukoglu,M., 2002. "Engines of liberation," Working papers 1, Wisconsin Madison - Social Systems.
  2. Gimenez-Nadal, J. Ignacio & Sevilla, Almudena, 2012. "Trends in Time Allocation: A Cross-Country Analysis," IZA Discussion Papers 6709, Institute for the Study of Labor (IZA).
  3. Kuroda, Sachiko, 2009. "Do Japanese Work Shorter Hours than before?: Measuring Trends in Market Work and Leisure Using 1976-2006 Japanese Time-Use Survey," PIE/CIS Discussion Paper 419, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  4. repec:bla:restud:v:72:y:2005:i:1:p:109-133 is not listed on IDEAS
  5. Dominique Goux & Eric Maurin & Barbara Petrongolo, 2014. "Worktime regulations and spousal labor supply," LSE Research Online Documents on Economics 57365, London School of Economics and Political Science, LSE Library.
  6. 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.
  7. Mark Aguiar & Erik Hurst, 2006. "Measuring trends in leisure: the allocation of time over five decades," Working Papers 06-2, Federal Reserve Bank of Boston.
  8. Lee, Jungmin & Kawaguchi, Daiji & Hamermesh, Daniel S., 2011. "Aggregate Impacts of a Gift of Time," IZA Discussion Papers 6199, Institute for the Study of Labor (IZA).
  9. Mark A. Aguiar & Erik Hurst & Loukas Karabarbounis, 2011. "Time Use During Recessions," NBER Working Papers 17259, National Bureau of Economic Research, Inc.
  10. Hamermesh, Daniel S., 2000. "Timing, Togetherness and Time Windfalls," IZA Discussion Papers 173, Institute for the Study of Labor (IZA).
  11. 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.
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