The Effect of Reduction of Working Hours in Society Where People Have Both the Homogeneous Way to Enjoy Leisure and the Homogeneous Way to Take Leisure Time

Nobuhiro Hobara

No 723, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: The reduction of working hours policy is often grasped as the cause of the decrease of GDP. (see Hayashi and Prescott (2002). But we consider that reduction of working hours policy may cause the rise of GDP through the rise of leisure demand of household. While, we often hear the news that there occur serious congestion in many leisure facilities in Japan. Here, we should also consider that such congestion is related with two homogeneous character surrounded with leisure consumption in Japanese society, ( homogeneous or constant time zone of holiday (Obon, Oshogatsu, G.W.) and the homogeneous way to enjoy leisure ) So, we also confirm that we have to disperse the time zone of holydays and diversify the way to enjoy leisure in order to get the enough effect of reduction of working hours policy in Japan.

Pages: 23 pages
Date: 2021-07
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:723

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