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American Economic Review: Vol. 103 No. 5 (August 2013)

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Time Use during the Great Recession

Article Citation

Aguiar, Mark, Erik Hurst, and Loukas Karabarbounis. 2013. "Time Use during the Great Recession." American Economic Review, 103(5): 1664-96.

DOI: 10.1257/aer.103.5.1664

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.

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Download Data Set (263.39 MB) | Online Appendix (70.17 KB) | Author Disclosure Statement(s) (12.60 KB)

Authors

Aguiar, Mark (Princeton U)
Hurst, Erik (U Chicago)
Karabarbounis, Loukas (U Chicago)

JEL Classifications

D31: Personal Income, Wealth, and Their Distributions
E32: Business Fluctuations; Cycles
J22: Time Allocation and Labor Supply


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