期刊名称:Documents de Travail du Centre d'Economie de la Sorbonne
印刷版ISSN:1955-611X
出版年度:2015
出版社:Centre d'Economie de la Sorbonne
摘要:This paper is a comment on the analysis of “Time Use During the Great Recession” conducted by Aguiar, Hurst and Karabarbounis. We derive an opportunity cost by exploring the substitution between individual's time and monetary resources and show that the changes in non-market activities during the Great Recession compensate to some extend the decrease of individuals' monetary resources.
关键词:Household Production; Time allocation; Wealth; Business fluctuations; cycles