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The Demand for Leisure

Authors: Owen, John D;

The Demand for Leisure

Abstract

Complementarity between leisure time and market recreation is estimated empirically by regressing the demand for leisure time of U.S. employees in the 1900-1961 period on the relative price of recreational goods and services, holding real income and the relative price of leisure time constant. The results support the complementarity hypothesis: about 25 percent of the estimated long-term increase in the demand for leisure is explained by a decline in market recreation prices. An observed negative partial regression of the demand for market recreation on the relative price of leisure time further supports the notion that the two goods are closely related.

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    influence
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Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
46
Top 10%
Top 10%
Average
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