How Does Leisure Time Affect Production Efficiency? Evidence from China, Japan, and the US
Xiang Wei (),
Hailin Qu () and
Emily Ma ()
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Xiang Wei: Peking University
Hailin Qu: Oklahoma State University
Emily Ma: Griffith University
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2016, vol. 127, issue 1, No 5, 122 pages
Abstract:
Abstract Labor efficiency is a central concept in economics. Although investigators have studied the influence of some variables (e.g., education time and physical capital) on labor efficiency, most studies overlook the impact of leisure time. This investigation examines the relationship between leisure time and labor efficiency in the world’s three largest economies: China, the US and Japan. Results revealed a significant correlation between leisure time and labor efficiency, and demonstrate that active leisure participation can improve productivity. The findings also demonstrate that, in contrast to the US and Japan, China, as a typical developing country, has seldom seen an apparent positive effect of leisure time on efficiency, which may partially explained by the type of leisure participation (active or passive).
Keywords: Efficiency; Leisure time; Production; Leisure participation; Cross comparison (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:127:y:2016:i:1:d:10.1007_s11205-015-0962-1
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DOI: 10.1007/s11205-015-0962-1
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