The 15‐Hour Week: Keynes's Prediction Revisited

C-Tier
Journal: Economica
Year: 2022
Volume: 89
Issue: 356
Pages: 815-829

Authors (1)

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In 1930, Keynes opined that by 2030, people would work only 15 hours per week. As such, this prediction will not be realized. However, expected lifetime hours of leisure and home production in the UK rose by 58% between 1931 and 2011, rather more than Keynes would have expected. This reflects increases in life expectancy at older ages and much longer expected periods of retirement. Leisure in retirement contributes to high life satisfaction for the elderly, but building up savings to pay for it is a barrier to working only 15 hours per week.

Technical Details

RePEc Handle
repec:bla:econom:v:89:y:2022:i:356:p:815-829
Journal Field
General
Author Count
1
Added to Database
2026-01-25