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Recent Developments in the Economics of Time Use

Mark Aguiar (), Erik Hurst () and Loukas Karabarbounis
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Mark Aguiar: Department of Economics, Princeton University, Princeton, New Jersey 08544

Annual Review of Economics, 2012, vol. 4, issue 1, 373-397

Abstract: The proliferation of new data sets and their harmonization with the older data sets have allowed researchers to make significant progress in our understanding of how individuals allocate their time away from market work. We highlight how these new data can be used to test theories of time use and we review recent developments in long-run trends in time use, life-cycle patterns of expenditures and labor supply, and the allocation of time over the business cycle.

Keywords: consumption; labor supply; trends; life cycle; business cycles (search for similar items in EconPapers)
JEL-codes: D13 E21 E32 J22 (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:anr:reveco:v:4:y:2012:p:373-397