On the Allocation of Time

Georg Dürnecker and Berthold Herrendorf
Authors registered in the RePEc Author Service: Georg Duernecker

No 14-09, Working Papers from University of Mannheim, Department of Economics

Abstract: We document for the US and Continental Europe that home–production time remained essentially flat during the last 50 years while changes in market time and leisure offset each other. We then focus on the US and France during 1970–2005 which are on the opposite sides of the spectrum: while US market time did not change much, French market time decreased most strongly. We document for the US and France that capital in home production and imputed labor productivities of home production have risen. We build a version of the growth model with capital in market and home production to account for the time allocation in both countries. We find that the interaction between taxes, home capital, and home–labor–augmenting technical change is crucial.

Keywords: time allocation; home production; leisure; taxes (search for similar items in EconPapers)
JEL-codes: B1 J4 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-gro and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:mnh:wpaper:35937

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