Here comes the rain again: Weather and the intertemporal substitution of leisure

• 成果类型: Article
• 署名作者: Connolly, Marie
• 署名单位: Princeton University
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/522067
• 发表日期: 2008
• 页码: 73-100
• 关键词: york-city cabdrivers; LABOR; wages

摘要

I revisit the intertemporal labor supply framework, using exogenous variations in daily weather to see how time at work varies with rain. In my model, a rainy day is associated with a lower enjoyment of leisure, effectively increasing wages and bringing more hours at work. I test the model using data from the American Time Use Survey, supplemented with daily weather. I find that, on rainy days, men shift on average 30 minutes from leisure to work. Computations give a rough estimate of the intertemporal elasticity of labor supply of around 0.01, in line with the rest of the literature.