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Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 6199
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s. Using time-diaries from before and after these shocks, we show that these shocks were effective - per-capita hours of market work declined discretely. The economy-wide drops in market work were reallocated solely to leisure and personal maintenance. In the absence of changing household technology a permanent time gift leads to no increase in time spent in household production by the average individual.
Schlagwörter: 
time use
household production
demand shock
macroeconomic effects
JEL: 
J22
J11
E24
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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