Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58577
Authors: 
Lee, Jungmin
Kawaguchi, Daiji
Hamermesh, Daniel S.
Year of Publication: 
2011
Series/Report no.: 
Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6199
Abstract: 
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.
Subjects: 
time use
household production
demand shock
macroeconomic effects
JEL: 
J22
J11
E24
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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