Recent developments in the economics of time use

Mark Aguiar, Erik Hurst, Loukas Karabarbounis

Research output: Contribution to journalArticlepeer-review

30 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)373-397
Number of pages25
JournalAnnual Review of Economics
Volume4
DOIs
StatePublished - Jul 1 2012

Keywords

  • business cycles
  • consumption
  • labor supply
  • life cycle
  • trends

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