Leisure Luxuries and the Labor Supply of Young Men

• 成果类型: Article
• 署名作者: Aguiar, Mark; Bils, Mark; Charles, Kerwin Kofi; Hurst, Erik
• 署名单位: Princeton University; University of Rochester; Yale University; University of Chicago
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/711916
• 发表日期: 2021
• 页码: 337-382
• 关键词: Time use; TRENDS; US; allocation

摘要

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.