Work hours, social value of leisure and globalisation

Jørgen Drud Hansen, Hassan Molana, Catia Montagna, Jørgen Ulff-Møller Nielsen

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

We examine how openness interacts with the coordination of consumption?leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). The latter are modelled by allowing a worker's marginal utility of leisure to be increasing in the leisure time taken by other workers. Coordination takes the form of internalising the leisure externality and other relevant constraints (e.g., labour demand). The extent of openness is measured by the degree of capital mobility. We find that: coordination lowers equilibrium work hours and raises the wage rate; there is a U-shaped (inverse-U-shaped) relationship between work hours (wages) and the degree of coordination; coordination is welfare improving; and, the gap between the coordinated and uncoordinated work hours (and the corresponding wage rates) is affected by the extent and nature of openness.
Original languageEnglish
Pages (from-to)317-326
Number of pages10
JournalJournal of Socio-Economics
Volume41
Issue number3
Early online date9 Feb 2012
DOIs
Publication statusPublished - Jun 2012

Fingerprint

Leisure
Social values
Globalization
Work hours
Wage rate
Openness
Externalities
Workers
Social interaction
Working hours
Labour demand
Marginal utility
Capital mobility
Leisure time
Wages

Keywords

  • coordination
  • corporatism
  • openness
  • capital mobility
  • social multiplier
  • welfare
  • work hours

Cite this

Work hours, social value of leisure and globalisation. / Hansen, Jørgen Drud; Molana, Hassan; Montagna, Catia; Nielsen, Jørgen Ulff-Møller.

In: Journal of Socio-Economics, Vol. 41, No. 3, 06.2012, p. 317-326.

Research output: Contribution to journalArticle

Hansen, Jørgen Drud ; Molana, Hassan ; Montagna, Catia ; Nielsen, Jørgen Ulff-Møller. / Work hours, social value of leisure and globalisation. In: Journal of Socio-Economics. 2012 ; Vol. 41, No. 3. pp. 317-326.
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