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- W1869713401 abstract "During the first half of the 20th century the workweek in the United States declined, and the distribution of hours across wage deciles narrowed. The hypothesis proposed is twofold. First, technological progress, through the rise in real wages and the decreasing cost of recreation, made it possible for the average US worker to afford more time off from work. Second, changes in the distribution of wages and the cost of education explain the shifts in the distribution of hours. A model is built to explore whether such mechanisms can, quantitatively, account for the observations. The model is consistent with changes in the wage distribution, the rise in education, the share of expenditures devoted to recreation and the amount of GDP growth in the US during the first half of the century. Counterfactual experiments show that the rise in wages is the main contributor to the decline in hours." @default.
- W1869713401 created "2016-06-24" @default.
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- W1869713401 date "2006-01-01" @default.
- W1869713401 modified "2023-10-14" @default.
- W1869713401 title "A Model of the Trends in Hours" @default.
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- W1869713401 doi "https://doi.org/10.2139/ssrn.752906" @default.
- W1869713401 hasPublicationYear "2006" @default.
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