摘要:We study long-run trends in market hours of work and employment shifts across
economic sectors driven by uneven TFP growth in market and home production. We
focus on the structural transformation between agriculture, manufacturing and
services and on the marketization of home production. The model can rationalize
the observed falling or Ushaped pattern for aggregate hours, the shift from
agriculture to services and balanced aggregate growth. We find support for the
model’s predictions in long-run US data.
关键词:hours of work, labour supply, structural transformation, home
production,marketization, balanced growth