Trends in Hours and Economic Growth

L. Rachel Ngai and Christopher Pissarides

No 2540, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 substitutions between market and home production and on the structural transformation between agriculture, manufacturing and services. The model can rationalize the observed falling or U-shaped pattern for aggregate hours, the complete marketization of agriculture and manufacturing, and the shift from agriculture to services without violating balanced aggregate growth. We find support for the model’s predictions in long-run US data.

Keywords: balanced growth; home production; labour supply; structural transformation; hours of work; marketization (search for similar items in EconPapers)
JEL-codes: J21 J22 O14 O41 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2007-01
New Economics Papers: this item is included in nep-bec, nep-dev and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Published - published in: Review of Economic Dynamics, 2008, 11 (2), 239-256

Downloads: (external link)
https://docs.iza.org/dp2540.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 (2006)
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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp2540

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().