Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/183126 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Economics Discussion Papers No. 2018-74
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
Most economists measure labor productivity based on activities conducted at places of work and do not consider leisure time in their calculations. In contrast, psychologists and sociologists argue that leisure has a positive role in the production process: leisure can improve individuals' labor productivity by affecting their self-development. Using empirical data from 21 OECD countries, this study finds that leisure time has a dual effect on labor productivity in terms of per capita per hour GDP. Moreover, leisure time is nonlinearly associated with labor productivity (inverted U-shaped). When leisure time reaches the optimal level (5813 hours), leisure has a compensatory effect on work and can positively influence labor productivity, but when leisure time exceeds the optimal value, leisure has a substitution effect on work and can negatively influence labor productivity.
Schlagwörter: 
leisure time
labor productivity
per capita per hour GDP
dual effect
curvilinear relationship
JEL: 
D24
D61
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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