TY - JOUR
T1 - Time use during the great recession
AU - Aguiar, Mark
AU - Hurst, Erik
AU - Karabarbounis, Loukas
PY - 2013
Y1 - 2013
N2 - Using data from the American Time Use Survey between 2003 and 2010, we document that home production absorbs roughly 30 percent of foregone market work hours at business cycle frequencies. Leisure absorbs roughly 50 percent of foregone market work hours, with sleeping and television watching accounting for most of this increase. We document significant increases in time spent on shopping, child care, education, and health. Job search absorbs between 2 and 6 percent of foregone market work hours. We discuss the implications of our results for business cycle models with home production and non-separable preferences.
AB - Using data from the American Time Use Survey between 2003 and 2010, we document that home production absorbs roughly 30 percent of foregone market work hours at business cycle frequencies. Leisure absorbs roughly 50 percent of foregone market work hours, with sleeping and television watching accounting for most of this increase. We document significant increases in time spent on shopping, child care, education, and health. Job search absorbs between 2 and 6 percent of foregone market work hours. We discuss the implications of our results for business cycle models with home production and non-separable preferences.
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U2 - 10.1257/aer.103.5.1664
DO - 10.1257/aer.103.5.1664
M3 - Article
AN - SCOPUS:84882364503
SN - 0002-8282
VL - 103
SP - 1664
EP - 1696
JO - American Economic Review
JF - American Economic Review
IS - 5
ER -