Rising inequality and trends in leisure
构建了一个模型，在平衡增长路径上同时产生平均休闲时间增加和休闲不平等加剧，通过家庭时间与资本在非市场活动中的配置以及劳动供给来解释美国过去五十年休闲时间的平均和横截面动态。
Abstract This paper develops a model that generates rising average leisure time and increasing leisure inequality along a path of balanced growth. Households derive utility from three sources: market goods, home goods and leisure. Home production and leisure are both activities that require time and capital. Households allocate time and capital to these non-market activities and supply labor. The dynamics are driven by activity-specific TFP growth and a spread in the distribution of household-specific labor market efficiencies. When the spread is set to replicate the increase in wage inequality across education groups, the model can account for the observed average time series and cross-sectional dynamics of leisure time in the U.S. over the last five decades.