Here comes the rain again: Weather and the intertemporal substitution of leisure

被引:93
作者
Connolly, Marie [1 ]
机构
[1] Princeton Univ, Princeton, NJ 08544 USA
关键词
D O I
10.1086/522067
中图分类号
F [经济];
学科分类号
02 ;
摘要
I revisit the intertemporal labor supply framework, using exogenous variations in daily weather to see how time at work varies with rain. In my model, a rainy day is associated with a lower enjoyment of leisure, effectively increasing wages and bringing more hours at work. I test the model using data from the American Time Use Survey, supplemented with daily weather. I find that, on rainy days, men shift on average 30 minutes from leisure to work. Computations give a rough estimate of the intertemporal elasticity of labor supply of around 0.01, in line with the rest of the literature.
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页码:73 / 100
页数:28
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