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Labor Hours in the U.S. and Europe - the Role of Different Preferences Towards Leisure

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  • Maoz, Yishay

Abstract

Since 1950, the quantity of working hours has been decreasing over time both in the U.S. and in the main European economies. The European economies have started this mutual decline process with longer working hours than in the U.S., but have ended it with less working hours than the U.S. This article presents a model in which this dynamic pattern for the joint dynamics of their working hours is shared by two economies that differ only in the weight that their individuals put on leisure in their utility function and are identical in every other respect.

Suggested Citation

  • Maoz, Yishay, 2007. "Labor Hours in the U.S. and Europe - the Role of Different Preferences Towards Leisure," MPRA Paper 5467, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:5467
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    References listed on IDEAS

    as
    1. Edward C. Prescott, 2004. "Why do Americans work so much more than Europeans?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 28(Jul), pages 2-13.
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    6. Huberman, Michael & Minns, Chris, 2007. "The times they are not changin': Days and hours of work in Old and New Worlds, 1870-2000," Explorations in Economic History, Elsevier, vol. 44(4), pages 538-567, October.
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    More about this item

    Keywords

    Working hours; Economic Growth;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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