Time use during the great recession

Mark Aguiar, Erik Hurst, Loukas Karabarbounis

Research output: Contribution to journalArticle

130 Scopus citations

Abstract

Using data from the American Time Use Survey between 2003 and 2010, we document that home production absorbs roughly 30 percent of foregone market work hours at business cycle frequencies. Leisure absorbs roughly 50 percent of foregone market work hours, with sleeping and television watching accounting for most of this increase. We document significant increases in time spent on shopping, child care, education, and health. Job search absorbs between 2 and 6 percent of foregone market work hours. We discuss the implications of our results for business cycle models with home production and non-separable preferences.

Original languageEnglish (US)
Pages (from-to)1664-1696
Number of pages33
JournalAmerican Economic Review
Volume103
Issue number5
DOIs
StatePublished - Aug 26 2013

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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