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- W2095851282 abstract "With the American Time Use Survey of 2003 and 2004 we first examine whether additional market work has neutral impacts on the mix of non-market activities. The estimates indicate that fixed time costs of market work alter patterns of non-market activities, reducing leisure time and mostly increasing time devoted to household production. In a structural model of market and non-market allocation of time we find that that these fixed costs generate a utility-equivalent of perhaps as much as 8 percent of income that must be overcome before market work becomes an optimizing choice. Market work also alters the timing of a fixed amount of non-market activities during the day, away from the schedule chosen when market work imposes no timing constraints. All of these effects are mitigated by higher family income. Together, the results provide a supply-side explanation for the frequently observed discrete jump from full-time work to complete retirement." @default.
- W2095851282 created "2016-06-24" @default.
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- W2095851282 date "2006-03-01" @default.
- W2095851282 modified "2023-10-03" @default.
- W2095851282 title "The time and timing costs of market work, and their implications for retirement" @default.
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