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Labor Hours in the U.S. and Europe - the Role of Different Preferences Towards Leisure

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  • Maoz, Yishay

Abstract

Since 1950, the quantity of working hours has been decreasing over time both in the U.S. and in the main European economies. The European economies have started this mutual decline process with longer working hours than in the U.S., but have ended it with less working hours than the U.S. This article presents a model in which this dynamic pattern for the joint dynamics of their working hours is shared by two economies that differ only in the weight that their individuals put on leisure in their utility function and are identical in every other respect.

Suggested Citation

  • Maoz, Yishay, 2007. "Labor Hours in the U.S. and Europe - the Role of Different Preferences Towards Leisure," MPRA Paper 5467, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:5467
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    File URL: https://mpra.ub.uni-muenchen.de/5467/2/MPRA_paper_5467.pdf
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    References listed on IDEAS

    as
    1. Omer Moav, 2005. "Cheap Children and the Persistence of Poverty," Economic Journal, Royal Economic Society, vol. 115(500), pages 88-110, January.
    2. Edward C. Prescott, 2004. "Why do Americans work so much more than Europeans?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Jul, pages 2-13.
    3. Moshe Hazan & Binyamin Berdugo, 2002. "Child Labour, Fertility, and Economic Growth," Economic Journal, Royal Economic Society, vol. 112(482), pages 810-828, October.
    4. 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.
    5. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
    6. David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
    7. Goldin, Claudia, 2001. "The Human-Capital Century And American Leadership: Virtues Of The Past," The Journal of Economic History, Cambridge University Press, vol. 61(02), pages 263-292, June.
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    More about this item

    Keywords

    Working hours; Economic Growth;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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