Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This paper studies the effect of housing wealth shocks on workplace shirking. We use the type and actual time stamps of credit card transactions to detect non-work-related behavior during work hours. After a one-percentage-point increase in house prices, employed homeowners experienced a fast and persistent increase by 3.8 % per month in their propensity to use work hours to attend to personal needs. The post-shock response is more pronounced among homeowners with a greater wealth increase, with poorer career potential, or for occupations with higher monitoring costs.