A gift of time

B-Tier
Journal: Labour Economics
Year: 2013
Volume: 24
Issue: C
Pages: 205-216

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

How would people spend time if confronted by permanent declines in market work? We identify preferences off exogenous cuts in standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s. We use time diaries to relate the probability that an individual was affected by the legislation to behavioral changes. Reduced-form estimates show that the direct effect was a substantial reduction in market time, with the freed-up time in Japan reallocated to leisure, in Korea partly to household production. Simulations using GMM estimates of a Stone–Geary utility function suggest no effect on household production in either country. A household model shows only sparse evidence that spouses shared the time gift, or that one spouse's non-market time use changed when the other spouse's market work was exogenously reduced.

Technical Details

RePEc Handle
repec:eee:labeco:v:24:y:2013:i:c:p:205-216
Journal Field
Labor
Author Count
3
Added to Database
2026-01-25