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Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?

By John M. Abowd and Lars Vilhuber

American Economic Review, May 2012

We use the Census Bureau's Quarterly Workforce Indicators and the Federal Housing Finance Agency's House Price Indices to study the effects of the housing price bubble on local labor markets. We show that the 35 MSAs in the top decile of the house price b...

www.aeaweb.org/articles?id=10.1257/aer.102.3.589

Time Use, Emotional Well-Being, and Unemployment: Evidence from Longitudinal Data

By Alan B. Krueger and Andreas I. Mueller

American Economic Review, May 2012

This paper provides new evidence on the time use and emotional well-being of unemployed individuals in the weeks before and after starting a new job. The major findings are: (1) time spent on home production drops sharply at the time of re-employment, eve...

www.aeaweb.org/articles?id=10.1257/aer.102.3.594

Retirement and Home Production: A Regression Discontinuity Approach

By Elena Stancanelli and Arthur Van Soest

American Economic Review, May 2012

Existing studies show that individuals who retire replace some private consumption with home production, but do not consider joint behavior of couples. Here we analyze the causal effect of retirement of each partner on hours of home production for both pa...

www.aeaweb.org/articles?id=10.1257/aer.102.3.600

The Role of Preferences and Opportunity Costs in Determining the Time Allocated to Housework

By Leslie S. Stratton

American Economic Review, May 2012

Research on intrahousehold time allocations has assumed that housework is a necessary evil and focused exclusively on the causal role of opportunity costs. In fact, agents likely act to maximize happiness, and preferences regarding even mundane household ...

www.aeaweb.org/articles?id=10.1257/aer.102.3.606

Aggregate Impacts of a Gift of Time

By Jungmin Lee, Daiji Kawaguchi, and Daniel S. Hamermesh

American Economic Review, May 2012

How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours which raised employers' overtime costs in Japan around 1990 and in Korea in the early 2000s. Using time-...

www.aeaweb.org/articles?id=10.1257/aer.102.3.612