Leisure Luxuries and the Labor Supply of Young Men
By Mark Aguiar, M. Bils, K. K. Charles, Erik G. Hurst. Journal of Political Economy, 2020
143 citations recorded by the source corpus.
We propose a methodology exploiting time diary data and “leisure Engel curves” to infer quality changes across leisure activities and measure the effects on the marginal return to leisure. We study leisure returns for men aged 21–30, who have shifted leisure toward video gaming and recreational computing and have had larger market work hour declines than older men or women since 2004. We show that recreational computing is distinctly a leisure luxury for younger men. By increasing the value of time, innovations to this leisure technology have lowered young men's work hours by 2%, or much of their work hours decline compared to older men's.
Subfields: Accounting, Economics and Econometrics, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/e6fb1f2b55a68fa69808b4ceae3e41eac4210a14
How researchers see this paper
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In Accounting
In Economics and Econometrics
- K. K. Charles
- Erik G. Hurst
- M. Schwartz
- J. Rappaport
- Mark Aguiar
- Marianne Bertrand
- M. Lührmann
- Jessica Pan
In Sociology and Political Science
Citations in the corpus
- The Transformation of Manufacturing and the Decline in US Employment (2019, background): “Aguiar et al. (2017) documented declining employment rates and hours worked for individuals aged 21– 30 and 31–55 by sex and education.”
- The Aggregate Implications of Regional Business Cycles (2019, unknown): “Autor et al. (2013) and Charles et al. (2016) document the importance of structural declines in local labor demand in explaining persistent declines in both local employment and wages. We complement this literature by showing that local wages also respond to local changes in economic conditions at b”
- Employment Hysteresis from the Great Recession (2019, unknown): “For example, workers may have made costly investments, such as moving in with one’s parents (Kaplan 2012) or honing leisure skills (Aguiar et al. 2017), during nonemployment spells that then induced labor supply contraction.”