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Recent Developments in the Economics of Time Use

Author

Listed:
  • Mark Aguiar

    (Department of Economics, Princeton University, Princeton, New Jersey 08544)

  • Erik Hurst

    (Booth School of Business, University of Chicago, Chicago, Illinois 60637)

  • Loukas Karabarbounis

    (Booth School of Business, University of Chicago, Chicago, Illinois 60637)

Abstract

The proliferation of new data sets and their harmonization with the older data sets have allowed researchers to make significant progress in our understanding of how individuals allocate their time away from market work. We highlight how these new data can be used to test theories of time use and we review recent developments in long-run trends in time use, life-cycle patterns of expenditures and labor supply, and the allocation of time over the business cycle.

Suggested Citation

  • Mark Aguiar & Erik Hurst & Loukas Karabarbounis, 2012. "Recent Developments in the Economics of Time Use," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 373-397, July.
    • Handle: RePEc:anr:reveco:v:4:y:2012:p:373-397
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-economics-111809-125129
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    More about this item

    Keywords

    consumption; labor supply; trends; life cycle; business cycles;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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