Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/174944
Title: Leisure Time and the Sectoral Composition of Employment
Author: Cruz, Edgar
Raurich, Xavier
Keywords: Lleure
Política d'ocupació
Ajustament estructural
Leisure
Manpower policy
Structural adjustment (Economic policy)
Issue Date: Oct-2020
Publisher: Elsevier
Abstract: We observe the following patterns in the US economy during the period 1965-2015: (i) the rise of the service sector, (ii) the increase in leisure time, and (iii) the increase in recreational services. To show the last pattern, we measure the fraction of the value added of the service sector explained by the consumption of recreational services and we show that it increases during this period. We explain these three patterns of structural change in a multisector growth model in which leisure time increases with income. As a consequence, the consumption of recreational services increases since they are consumed during leisure time. We show that the introduction of recreational services contributes to explain the rise of the service sector, inequality in leisure, and employment differences across countries caused by differences in income taxes.
Note: Versió postprint del document publicat a: https://doi.org/10.1016/j.red.2020.04.004
It is part of: Review Of Economic Dynamics, 2020, vol. 38, p. 198-219
URI: http://hdl.handle.net/2445/174944
Related resource: https://doi.org/10.1016/j.red.2020.04.004
ISSN: 1094-2025
Appears in Collections:Articles publicats en revistes (Economia)

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