Trends in Hours and Economic Growth

L. Rachel Ngai and Christopher Pissarides

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the structural transformation between agriculture, manufacturing and services and on the marketization of home production. The model can rationalize the observed falling or Ushaped pattern for aggregate hours, the shift from agriculture to services and balanced aggregate growth. We find support for the model's predictions in long-run US data.

Keywords: hours of work; labour supply; structural transformation; home production; marketization; balanced growth (search for similar items in EconPapers)
JEL-codes: J21 J22 O14 O41 (search for similar items in EconPapers)
Date: 2006-08
New Economics Papers: this item is included in nep-bec, nep-cba, nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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https://cep.lse.ac.uk/pubs/download/dp0746.pdf (application/pdf)

Related works:
Journal Article: Trends in Hours and Economic Growth (2008)
Working Paper: Trends in hours and economic growth (2008)
Working Paper: Trends in Hours and Economic Growth (2007)
Working Paper: Trends in hours and economic growth (2006)
Working Paper: Trends in Hours and Economic Growth (2006)
Working Paper: Trends in Hours and Economic Growth (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0746

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