In a study appearing in the July 2007 issue of the Journal of Labor Economics, Jorge Gonzales-Chapela (Universidad de Alicante, Spain) combines individual-level data in the United States with metropolitan price indices to better understand how changes in the price of recreation goods can influence the labor/leisure balance.
Gonzales-Chapela finds that for every 1 percent increase in the price of recreation goods men between the ages of 25 and 54 who work full-time will work an extra 3.2 hours a year. Men in this age range devote an average of 3.7 hours per day to “socializing, relaxing, and leisure” – their third most time-consuming daily activity – meaning that even a 1 percent rise in the price of recreation translates into the loss of one day’s worth of leisure per year.
“Since the relative price of recreation goods dropped, for instance, in the United States by about 15 percent between 1976 and 1981, if this price change could be considered as anticipated, a prime-age man would have lowered – on average—his market time by some 48 annual hours between 1976 and 1981 solely because of incentives created by variations in the price of recreation goods,” explains Gonzales-Chapela.
These findings suggest a new explanation for the different patterns of work and leisure observed in the U.S. and Europe since the 1970s. Should the behavioral response found in this study using U.S. data be similar in European countries, the price of recreation goods would contribute towards explaining the increase in the market hours gap between the U.S. and Europe.
Suzanne Wu | EurekAlert!
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik
Staphylococcus aureus is a feared pathogen (MRSA, multi-resistant S. aureus) due to frequent resistances against many antibiotics, especially in hospital infections. Researchers at the Paul-Ehrlich-Institut have identified immunological processes that prevent a successful immune response directed against the pathogenic agent. The delivery of bacterial proteins with RNA adjuvant or messenger RNA (mRNA) into immune cells allows the re-direction of the immune response towards an active defense against S. aureus. This could be of significant importance for the development of an effective vaccine. PLOS Pathogens has published these research results online on 25 May 2017.
Staphylococcus aureus (S. aureus) is a bacterium that colonizes by far more than half of the skin and the mucosa of adults, usually without causing infections....
Physicists from the University of Würzburg are capable of generating identical looking single light particles at the push of a button. Two new studies now demonstrate the potential this method holds.
The quantum computer has fuelled the imagination of scientists for decades: It is based on fundamentally different phenomena than a conventional computer....
An international team of physicists has monitored the scattering behaviour of electrons in a non-conducting material in real-time. Their insights could be beneficial for radiotherapy.
We can refer to electrons in non-conducting materials as ‘sluggish’. Typically, they remain fixed in a location, deep inside an atomic composite. It is hence...
Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.
Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...
An Australian-Chinese research team has created the world's thinnest hologram, paving the way towards the integration of 3D holography into everyday...
24.05.2017 | Event News
23.05.2017 | Event News
22.05.2017 | Event News
26.05.2017 | Life Sciences
26.05.2017 | Life Sciences
26.05.2017 | Physics and Astronomy