The time and timing costs of market work / Daniel S. Hamermesh, Stephen Donald
- Hamermesh, Daniel S.
- Cambridge, Mass. : National Bureau of Economic Research, 
- Copyright Date:
- Physical Description:
- 25 pages, 16 unnumbered pages : illustrations ; 22 cm.
- Additional Creators:
- Donald, Stephen G. and National Bureau of Economic Research
- NBER working paper series ; working paper no. 13127
- "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. Similar results are found using time-diary data for Australia, Germany and the Netherlands. Direct estimates of the utility derived from goods consumption and two types of non-market time in the presence of these fixed costs indicate that they generate a utility-equivalent of 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. The results provide a new supply-side explanation for the frequently observed discrete drop from full-time work to complete retirement."
- "May 2007."
- Bibliography Note:
- Includes bibliographical references (pages 24-25).
- Other Forms:
- Also available in PDF from the NBER world wide web site (www.nber.org).
View MARC record | catkey: 3865161