The time and timing costs of market work:
With the American Time Use Survey of 2003 and 2004 we first examine whether additional market work has neutral impacts on the mix of non-market activities. The estimates indicate that fixed time costs of market work alter patterns of non-market activities, reducing leisure time and mostly increasing...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13127 |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | With the American Time Use Survey of 2003 and 2004 we first examine whether additional market work has neutral impacts on the mix of non-market activities. The estimates indicate that fixed time costs of market work alter patterns of non-market activities, reducing leisure time and mostly increasing time devoted to household production. Similar results are found using time-diary data for Australia, Germany and the Netherlands. Direct estimates of the utility derived from goods consumption and two types of non-market time in the presence of these fixed costs indicate that they generate a utility-equivalent of as much as 8 percent of income that must be overcome before market work becomes an optimizing choice. Market work also alters the timing of a fixed amount of non-market activities during the day, away from the schedule chosen when market work imposes no timing constraints. All of these effects are mitigated by higher family income. The results provide a new supply-side explanation for the frequently observed discrete drop from full-time work to complete retirement. |
| Beschreibung: | Literaturverz. S. 24 - 25 |
| Beschreibung: | 25, [16] S. graph. Darst. 22 cm |
Internformat
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13127 | |
| 500 | |a Literaturverz. S. 24 - 25 | ||
| 520 | 8 | |a With the American Time Use Survey of 2003 and 2004 we first examine whether additional market work has neutral impacts on the mix of non-market activities. The estimates indicate that fixed time costs of market work alter patterns of non-market activities, reducing leisure time and mostly increasing time devoted to household production. Similar results are found using time-diary data for Australia, Germany and the Netherlands. Direct estimates of the utility derived from goods consumption and two types of non-market time in the presence of these fixed costs indicate that they generate a utility-equivalent of as much as 8 percent of income that must be overcome before market work becomes an optimizing choice. Market work also alters the timing of a fixed amount of non-market activities during the day, away from the schedule chosen when market work imposes no timing constraints. All of these effects are mitigated by higher family income. The results provide a new supply-side explanation for the frequently observed discrete drop from full-time work to complete retirement. | |
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| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
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| physical | 25, [16] S. graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
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| spelling | Hamermesh, Daniel S. 1943- Verfasser (DE-588)128727284 aut The time and timing costs of market work Daniel S. Hamermesh ; Stephen Donald Cambridge, Mass. National Bureau of Economic Research 2007 25, [16] S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13127 Literaturverz. S. 24 - 25 With the American Time Use Survey of 2003 and 2004 we first examine whether additional market work has neutral impacts on the mix of non-market activities. The estimates indicate that fixed time costs of market work alter patterns of non-market activities, reducing leisure time and mostly increasing time devoted to household production. Similar results are found using time-diary data for Australia, Germany and the Netherlands. Direct estimates of the utility derived from goods consumption and two types of non-market time in the presence of these fixed costs indicate that they generate a utility-equivalent of as much as 8 percent of income that must be overcome before market work becomes an optimizing choice. Market work also alters the timing of a fixed amount of non-market activities during the day, away from the schedule chosen when market work imposes no timing constraints. All of these effects are mitigated by higher family income. The results provide a new supply-side explanation for the frequently observed discrete drop from full-time work to complete retirement. Donald, Stephen G. Verfasser (DE-588)129474118 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13127 (DE-604)BV002801238 13127 http://papers.nber.org/papers/w13127.pdf kostenfrei Volltext |
| spellingShingle | Hamermesh, Daniel S. 1943- Donald, Stephen G. The time and timing costs of market work |
| title | The time and timing costs of market work |
| title_auth | The time and timing costs of market work |
| title_exact_search | The time and timing costs of market work |
| title_exact_search_txtP | The time and timing costs of market work |
| title_full | The time and timing costs of market work Daniel S. Hamermesh ; Stephen Donald |
| title_fullStr | The time and timing costs of market work Daniel S. Hamermesh ; Stephen Donald |
| title_full_unstemmed | The time and timing costs of market work Daniel S. Hamermesh ; Stephen Donald |
| title_short | The time and timing costs of market work |
| title_sort | the time and timing costs of market work |
| url | http://papers.nber.org/papers/w13127.pdf |
| volume_link | (DE-604)BV002801238 |
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