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A century of work and leisure

Author: Valerie A Ramey; Neville Francis; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2006.
Series: Working paper series (National Bureau of Economic Research), no. 12264.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for the last 105 years. We also present empirical and theoretical arguments for a definition of "per capita" that encompasses the entire population. The new measures reveal a  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Valerie A Ramey; Neville Francis; National Bureau of Economic Research.
OCLC Number: 69652086
Description: 1 online resource (1 volume).
Series Title: Working paper series (National Bureau of Economic Research), no. 12264.
Responsibility: Valerie A. Ramey, Neville Francis.

Abstract:

"Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for the last 105 years. We also present empirical and theoretical arguments for a definition of "per capita" that encompasses the entire population. The new measures reveal a number of interesting 20th Century trends. First, 70 percent of the decline in hours worked has been offset by an increase in hours spent in school. Second, contrary to conventional wisdom, average hours spent in home production are actually slightly higher now than they were in the early part of the 20th Century. Finally, leisure per capita is approximately the same now as it was in 1900"--National Bureau of Economic Research web site.

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