Serdar Birinci, Loukas Karabarbounis, Kurt See
The long-standing gap in hours worked between Americans and workers in other advanced economies has narrowed significantly. This column examines the evolution of hours worked across countries, and finds that US hours per person declined after 2000 in large part due to the rise in benefits available to the non-employed, especially health-related benefits. In non-US countries, by contrast, a rise in labour supply can generally be accounted for by higher wages, lower fixed costs of working, and a decline in the utility cost of work.
Πηγή: Voxeu