Working Paper: NBER ID: w30030
Authors: Maddalena Ferranna; JP Sevilla; Leo Zucker; David E. Bloom
Abstract: We analyze time use studies to describe how people allocate their time as they age, especially among paid work, unpaid work, leisure, and personal care. We emphasize differences in time allocation between older (i.e., those aged 65+) and younger people; between developed and developing countries; and by other demographic characteristics such as gender, marital status, health status, and educational attainment. We summarize related economic literature and crystallize a framework for thinking about key conceptual issues involving time allocation over the life cycle. We conclude by assessing the adequacy of global data resources in this area and by discussing some promising opportunities to fill salient gaps in the literature.
Keywords: No keywords provided
JEL Codes: D13; D15; J14; J22
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Older individuals aged 65 and above decrease their time spent on paid work (J26) | Older individuals aged 65 and above increase their time spent on leisure and personal care activities (J26) |
| Older individuals aged 65 and above decrease their time spent on paid work (J26) | Factors such as declining health and retirement incentives (J26) |
| Older individuals aged 65 and above increase their time spent on leisure and personal care activities (J26) | Implications of rising life expectancy on time allocation (D15) |