Home Production and Leisure During the COVID-19 Recession
Oksana Leukhina () and
Zhixiu Yu ()
No 2020-060, Working Papers from Human Capital and Economic Opportunity Working Group
Between the months of February and April of 2020, average weekly market hours dropped by 6.25, meanwhile 35% of commuting workers reported switching to remote work arrangements. In this paper, we examine implications of these changes for the time allocation of different households, and on aggregate. We estimate that home production activity increased by 2.1 hours a week, or 34% of lost market hours, whereas leisure activity increased by 3.8 hours a week. The monthly value of home production increased by $30.83 billion â€“ that is 10.5% of the concurrent $292.61 billion drop in monthly GDP. Although market hours declined the most for single, less educated individuals, the lost market hours were absorbed into home production the most by married individuals with children.
Keywords: shutdown; COVID-19; pandemic; Home Production; remote work (search for similar items in EconPapers)
JEL-codes: D13 E32 J22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Note: FI, M
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http://humcap.uchicago.edu/RePEc/hka/wpaper/Leukhi ... on-leisure-covid.pdf First version, August 10, 2020 (application/pdf)
Journal Article: Home Production and Leisure during the COVID-19 Recession (2022)
Working Paper: Home Production and Leisure During the COVID-19 Recession (2020)
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