Time use during the great recession

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.

UR - https://www.scopus.com/pages/publications/84882364503

UR - https://www.scopus.com/pages/publications/84882364503#tab=citedBy

U2 - 10.1257/aer.103.5.1664

DO - 10.1257/aer.103.5.1664

M3 - Article

SN - 0002-8282

VL - 103

SP - 1664

EP - 1696

JO - American Economic Review

JF - American Economic Review

IS - 5

ER -