Graphs showing hours worked and hours wanted in Germany.
Policy proposals like the four-day workweek have gained momentum in the aftermath of the Covid recession, raising the question of how many hours people would choose to work. This column uses survey data to establish people’s willingness to pay for additional leisure time in terms of forgone earnings, and vice versa. The findings suggest that many workers in Germany and the UK would happily pay for more leisure and that, thanks to productivity gains, tighter hours caps might bring net positive welfare effects even after accounting for a smaller tax base and reduced capital returns.
Gregor Jarosch, Laura Pilossoph, & Anthony Swaminathan find many workers in Germany & the UK would happily pay for more leisure and tighter hours caps might bring net positive welfare effects even after accounting for a smaller tax base and reduced capital returns.
cepr.org/voxeu/column...
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18.07.2025 08:16 — 👍 3 🔁 2 💬 0 📌 1
YouTube video by NBER
Micro Data and Macro Models
Youtube recording of my NBeR presentation here (2:16):
www.youtube.com/watch?v=H209...
18.07.2025 14:18 — 👍 0 🔁 0 💬 0 📌 0
Using survey data from Germany combined with an 'what is the optimal length of the workweek' model suggests 37 hours, from Gregor Jarosch, Laura Pilossoph, and Anthony Swaminathan https://www.nber.org/papers/w33577
22.03.2025 15:00 — 👍 14 🔁 5 💬 0 📌 1
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07.03.2025 14:15 — 👍 2 🔁 0 💬 1 📌 0
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