Time is the ultimate scarce resource and thus quintessentially a
topic for economics, ths study of scarcity. Starting with the
observation that time is increasingly valuable given competing
demands as we have more things we can buyand do, Spending Time
provides engaging insights into how people use their time and what
determines their decisions about spending their time. That our time
is limited by the number of hours in a day, days in a year, and
years in our lives means that we face constraints and thus choices
that involve trade-offs. We sleep, eat, have fun, watch TV, and not
least we work. How much we dedicate to each, and why we do so, is
intriguining and no one is better placed to shed light on
similarities and differences than Daniel S. Hamermesh, the leading
authority on time-use. Here he explores how people use their time,
including across countries, regions, cultures, class, and gender.
Americans now work more than people in other rich countries, but as
recently as the late 1970s they worked no more than others; and
they also work longer into older age. Men and women do different
things at different times of the day, which affects how well-off
they feel. Both the arrival of children and retirement create major
shocks to existing time uses, with differences between the sexes.
Higher incomes and higher wage rates lead people to hurry more,
both on and off the job, and higher wage rates lead people to cut
back on activities that take time away from work. Being stressed
for time is central to modern life, and Hamermesh shows who is
rushed, and why. With Americans working more than people in France,
Germany, the U.K., Japan and other rich countries, the book offers
a simple but radical proposal for changing Americans' lives and
reducing the stress about time.
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