The Decline of Drudgery and the Paradox of Hard Work by Brendan Epstein, Miles S. Kimball

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The Decline of Drudgery and the Paradox of Hard Work

Author : Brendan Epstein, Miles S. Kimball

Publisher : Board of Governors of the Federal Reserve System

Published : 2014

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Number of Pages : 47 Pages

Language : en

Descriptions The Decline of Drudgery and the Paradox of Hard Work

We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect. In addition, secular improvements in job utility can be substantial relative to welfare gains from ordinary technological progress. These two implications are connected by an equation ፟lowing from optimal hours choices: improvements in job utility that have a signi𓏊nt effect on labor supply tend to have large welfare effects.

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The Decline of Drudgery and the Paradox of Hard Work - Downloadable! We develop a theory focusing on general equilibrium and long-run macroeconomic consequences of trends in job utility—the process benefits and costs of work. Given secular increases in job utility, work hours can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect

Citation - The decline of drudgery and the paradox of hard work - UW - Search the for Website expand_more. Articles Find articles in journals, magazines, newspapers, and more; Catalog Explore books, music, movies, and more; Databases Locate databases by title and description; Journals Find journal titles; UWDC Discover digital collections, images, sound recordings, and more; Website Find information on spaces, staff, services, and more

The Decline of Drudgery and the Paradox of Hard Work - The Decline of Drudgery and the Paradox of Hard Work. NBER Working Paper No. w29041. 61 Pages Posted: 19 Jul 2021 Last revised: 24 Jul 2021. See all articles by Brendan Epstein ... Brendan and Kimball, Miles S., The Decline of Drudgery and the Paradox of Hard Work (July 2021). NBER Working Paper No. w29041, Available at SSRN:

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The Decline of Drudgery and the Paradox of Hard Work - - The Decline of Drudgery and The Paradox of Hard Work Brendan Epsteinyand Miles S. Kimballz Abstract We develop a theory that focuses on the general equilibrium and long-run macro- economic consequences of trends in job utility

PDF The Decline of Drudgery and The Paradox of Hard Work National Bureau of - The Decline of Drudgery and the Paradox of Hard Work Brendan Epstein and Miles S. Kimball NBER Working Paper No. 29041 July 2021, Revised June 2022 JEL No. J22,J24,J28,J31,O4 ABSTRACT We develop a theory focusing on general equilibrium and long-run macroeconomic consequences of trends in job utility—the process benefits and costs of work

The Decline of Drudgery and the Paradox of Hard Work | NBER - The Decline of Drudgery and the Paradox of Hard Work. We develop a theory focusing on general equilibrium and long-run macroeconomic consequences of trends in job utility—the process benefits and costs of work. Given secular increases in job utility, work hours can remain approximately constant over time even if the income effect of higher

The Decline of Drudgery and the Paradox of Hard Work - The Decline of Drudgery and the Paradox of Hard Work. FRB International Finance Discussion Paper No. 1106. 47 Pages Posted: 29 Jun 2014. See all articles by Brendan Epstein ... Keywords: labor supply, work hours, drudgery, income effect, substitution effect, job utility. JEL Classification: E24, J22, O40. Suggested Citation: Suggested Citation

The Fed - The Decline of Drudgery and the Paradox of Hard Work - The Decline of Drudgery and the Paradox of Hard Work. ... Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect. In addition, secular improvements in job utility can be substantial relative to welfare

PDF The Decline of Drudgery and the Paradox of Hard Work - Federal Reserve - The Decline of Drudgery and The Paradox of Hard Work Brendan Epsteinyand Miles S. Kimballz Abstract We develop a theory that focuses on the general equilibrium and long-run macro-economic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the

The Decline of Drudgery and the Paradox of Hard Work - Request PDF | The Decline of Drudgery and the Paradox of Hard Work | We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility

The Decline of Drudgery and the Paradox of Hard Work - getAbstract - Access a free summary of The Decline of Drudgery and the Paradox of Hard Work, by Brendan Epstein and Miles S. Kimball and 25,000 other business, leadership and nonfiction books on getAbstract. ... The Decline of Drudgery and the Paradox of Hard Work. Federal Reserve Board, 2014. 5 min read. 5 take-aways. Audio & text

The Decline of Drudgery and the Paradox of Hard Work - Semantic Scholar - We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect. In addition, secular improvements in job utility can be substantial

The Decline of Drudgery and the Paradox of Hard Work - - The Decline of Drudgery and the Paradox of Hard Work

The decline of drudgery and the paradox of hard work - Catalog - UW - Search the for Website expand_more. Articles Find articles in journals, magazines, newspapers, and more; Catalog Explore books, music, movies, and more; Databases Locate databases by title and description; Journals Find journal titles; UWDC Discover digital collections, images, sound recordings, and more; Website Find information on spaces, staff, services, and more

The Fed - The Decline of Drudgery and the Paradox of Hard Work - The Decline of Drudgery and the Paradox of Hard Work. Brendan Epstein and Miles S. Kimball. Abstract: We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility

The Decline of Drudgery and the Paradox of Hard Work by - The Decline of Drudgery and the Paradox of Hard Work NBER Working Paper No. w29041 61 Pages Posted: 19 Jul 2021 Last revised: 24 Jul 2021 Brendan Epstein University of Massachusetts - Department of Economics Miles S. Kimball

THE DECLINE OF DRUDGERY AND THE PARADOX OF HARD WORK NATIONAL - The Decline of Drudgery and the Paradox of Hard Work Brendan Epstein and Miles S. Kimball NBER Working Paper No. 29041 July 2021, Revised June 2022 JEL No. J22,J24,J28,J31,O4 ABSTRACT We develop a theory focusing on general equilibrium and long-run macroeconomic consequences of trends in job utility—the process benefits and costs of work

The Decline of Drudgery and the Paradox of Hard Work - The Decline of Drudgery and The Paradox of Hard Work Brendan Epsteinyand Miles S. Kimballz Abstract We develop a theory that focuses on the general equilibrium and long-run macro-economic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the

The Decline of Drudgery and the Paradox of Hard Work | NBER - The Decline of Drudgery and the Paradox of Hard Work Brendan Epstein & Miles S. Kimball Working Paper 29041 DOI 10.3386/w29041 Issue Date July 2021 Revision Date June 2022 We develop a theory focusing on general equilibrium and long-run macroeconomic consequences of trends in job utility—the process benefits and costs of work

- This paper seeks to establish a theoretical explanation for this paradox of hard work. We argue that secular increases in job utility stemming from decreases in drudgery and increases in amenities can help cancel out strong income ef-fects that would otherwise reduce work hours

The Decline of Drudgery and the Paradox of Hard Work by - The Decline of Drudgery and the Paradox of Hard Work by Brendan Epstein, Miles S. Kimball :: SSRN. We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility. Given secular increases in job uti. Skip to main content. Download This Paper