The Week

Is a five-day workweek followed by a two-day weekend a socially optimal schedule? This paper presents a model in which labor productivity and the marginal utility of leisure evolve endogenously over the workweek. Labor productivity is shaped by two...

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Main Author:	Eden, Maya
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	EMPLOYMENT ECONOMIC GROWTH PRODUCTIVITY LEVELS ACCOUNTING PRODUCTION PREVIOUS SECTION STOCK MATERIALS WORKING INTEREST RATE DISCOUNT RATE INFORMATION ELASTICITY POLITICAL ECONOMY WELFARE ECONOMIC IMPLICATIONS JOB LEGAL STATUS BONDS INCENTIVES LABOR ECONOMICS TRANSMISSION BUDGET CONSTRAINTS PRICE INPUTS TIME PERIOD PAYMENTS PRODUCTIVITY INCREASE VALUE OF OUTPUT INDUSTRIAL PRODUCTION ESTIMATED PARAMETERS ECONOMIC ANALYSIS TRENDS OPEN ACCESS ECONOMIC ACTIVITY PRESENT VALUE INSTITUTIONS LABOR MARKET DATA WORKPLACE DEVELOPMENT ECONOMICS COMPUTERS WORKER MANUFACTURING INDUSTRY LABOR PRODUCTIVITY PRODUCTIVITY INCREASING RETURNS CRITERIA MARKETS ORGANIZATIONS WEB BUSINESS CYCLE ERGONOMICS MATERIAL WORKS UNEMPLOYMENT INSURANCE LABOR STANDARDS ELASTICITY OF SUBSTITUTION UTILITY AVERAGING FINANCE ECONOMIC RESEARCH MANUFACTURING UNEMPLOYMENT TECHNOLOGY CONSUMPTION HUMAN CAPITAL WORKERS CAPITAL WAGES FATIGUE ECONOMIC OUTCOMES PRESENT EVIDENCE WORK IN PROGRESS RESULTS VALUE ELECTRICITY MACROECONOMICS CUSTOM WORK OCCUPATIONS UTILITY FUNCTION fatigue memory calendar reform leisure productivity
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26067880/week http://hdl.handle.net/10986/24138

id	okr-10986-24138
recordtype	oai_dc
spelling	okr-10986-241382021-04-23T14:04:19Z The Week Eden, Maya EMPLOYMENT ECONOMIC GROWTH PRODUCTIVITY LEVELS ACCOUNTING PRODUCTION PREVIOUS SECTION STOCK MATERIALS WORKING INTEREST RATE DISCOUNT RATE INFORMATION ELASTICITY POLITICAL ECONOMY WELFARE ECONOMIC IMPLICATIONS JOB LEGAL STATUS BONDS INCENTIVES LABOR ECONOMICS TRANSMISSION BUDGET CONSTRAINTS PRICE INPUTS TIME PERIOD PAYMENTS PRODUCTIVITY INCREASE VALUE OF OUTPUT INDUSTRIAL PRODUCTION ESTIMATED PARAMETERS ECONOMIC ANALYSIS TRENDS OPEN ACCESS ECONOMIC ACTIVITY PRESENT VALUE INSTITUTIONS LABOR MARKET DATA WORKPLACE DEVELOPMENT ECONOMICS COMPUTERS WORKER MANUFACTURING INDUSTRY LABOR PRODUCTIVITY PRODUCTIVITY INCREASING RETURNS CRITERIA MARKETS ORGANIZATIONS WEB BUSINESS CYCLE ERGONOMICS MATERIAL WORKS UNEMPLOYMENT INSURANCE LABOR STANDARDS ELASTICITY OF SUBSTITUTION UTILITY AVERAGING FINANCE ECONOMIC RESEARCH MANUFACTURING UNEMPLOYMENT TECHNOLOGY CONSUMPTION HUMAN CAPITAL WORKERS CAPITAL WAGES FATIGUE ECONOMIC OUTCOMES PRESENT EVIDENCE WORK IN PROGRESS RESULTS VALUE ELECTRICITY MACROECONOMICS CUSTOM WORK OCCUPATIONS UTILITY FUNCTION fatigue memory calendar reform leisure productivity Is a five-day workweek followed by a two-day weekend a socially optimal schedule? This paper presents a model in which labor productivity and the marginal utility of leisure evolve endogenously over the workweek. Labor productivity is shaped by two forces: restfulness, which decreases over the workweek, and memory, which improves over the workweek. The structural parameters of the model are disciplined using daily variation in electricity usage per worker. The results suggest that increases in the ratio of vacation to workdays lead to output losses. A calibration of the model suggests that a 2-3 day workweek followed by a 1 day weekend can increase welfare. 2016-04-26T15:26:18Z 2016-04-26T15:26:18Z 2016-03 Working Paper http://documents.worldbank.org/curated/en/2016/03/26067880/week http://hdl.handle.net/10986/24138 English en_US Policy Research Working Paper;No. 7598 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	EMPLOYMENT ECONOMIC GROWTH PRODUCTIVITY LEVELS ACCOUNTING PRODUCTION PREVIOUS SECTION STOCK MATERIALS WORKING INTEREST RATE DISCOUNT RATE INFORMATION ELASTICITY POLITICAL ECONOMY WELFARE ECONOMIC IMPLICATIONS JOB LEGAL STATUS BONDS INCENTIVES LABOR ECONOMICS TRANSMISSION BUDGET CONSTRAINTS PRICE INPUTS TIME PERIOD PAYMENTS PRODUCTIVITY INCREASE VALUE OF OUTPUT INDUSTRIAL PRODUCTION ESTIMATED PARAMETERS ECONOMIC ANALYSIS TRENDS OPEN ACCESS ECONOMIC ACTIVITY PRESENT VALUE INSTITUTIONS LABOR MARKET DATA WORKPLACE DEVELOPMENT ECONOMICS COMPUTERS WORKER MANUFACTURING INDUSTRY LABOR PRODUCTIVITY PRODUCTIVITY INCREASING RETURNS CRITERIA MARKETS ORGANIZATIONS WEB BUSINESS CYCLE ERGONOMICS MATERIAL WORKS UNEMPLOYMENT INSURANCE LABOR STANDARDS ELASTICITY OF SUBSTITUTION UTILITY AVERAGING FINANCE ECONOMIC RESEARCH MANUFACTURING UNEMPLOYMENT TECHNOLOGY CONSUMPTION HUMAN CAPITAL WORKERS CAPITAL WAGES FATIGUE ECONOMIC OUTCOMES PRESENT EVIDENCE WORK IN PROGRESS RESULTS VALUE ELECTRICITY MACROECONOMICS CUSTOM WORK OCCUPATIONS UTILITY FUNCTION fatigue memory calendar reform leisure productivity
spellingShingle	EMPLOYMENT ECONOMIC GROWTH PRODUCTIVITY LEVELS ACCOUNTING PRODUCTION PREVIOUS SECTION STOCK MATERIALS WORKING INTEREST RATE DISCOUNT RATE INFORMATION ELASTICITY POLITICAL ECONOMY WELFARE ECONOMIC IMPLICATIONS JOB LEGAL STATUS BONDS INCENTIVES LABOR ECONOMICS TRANSMISSION BUDGET CONSTRAINTS PRICE INPUTS TIME PERIOD PAYMENTS PRODUCTIVITY INCREASE VALUE OF OUTPUT INDUSTRIAL PRODUCTION ESTIMATED PARAMETERS ECONOMIC ANALYSIS TRENDS OPEN ACCESS ECONOMIC ACTIVITY PRESENT VALUE INSTITUTIONS LABOR MARKET DATA WORKPLACE DEVELOPMENT ECONOMICS COMPUTERS WORKER MANUFACTURING INDUSTRY LABOR PRODUCTIVITY PRODUCTIVITY INCREASING RETURNS CRITERIA MARKETS ORGANIZATIONS WEB BUSINESS CYCLE ERGONOMICS MATERIAL WORKS UNEMPLOYMENT INSURANCE LABOR STANDARDS ELASTICITY OF SUBSTITUTION UTILITY AVERAGING FINANCE ECONOMIC RESEARCH MANUFACTURING UNEMPLOYMENT TECHNOLOGY CONSUMPTION HUMAN CAPITAL WORKERS CAPITAL WAGES FATIGUE ECONOMIC OUTCOMES PRESENT EVIDENCE WORK IN PROGRESS RESULTS VALUE ELECTRICITY MACROECONOMICS CUSTOM WORK OCCUPATIONS UTILITY FUNCTION fatigue memory calendar reform leisure productivity Eden, Maya The Week
relation	Policy Research Working Paper;No. 7598
description	Is a five-day workweek followed by a two-day weekend a socially optimal schedule? This paper presents a model in which labor productivity and the marginal utility of leisure evolve endogenously over the workweek. Labor productivity is shaped by two forces: restfulness, which decreases over the workweek, and memory, which improves over the workweek. The structural parameters of the model are disciplined using daily variation in electricity usage per worker. The results suggest that increases in the ratio of vacation to workdays lead to output losses. A calibration of the model suggests that a 2-3 day workweek followed by a 1 day weekend can increase welfare.
format	Working Paper
author	Eden, Maya
author_facet	Eden, Maya
author_sort	Eden, Maya
title	The Week
title_short	The Week
title_full	The Week
title_fullStr	The Week
title_full_unstemmed	The Week
title_sort	week
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/03/26067880/week http://hdl.handle.net/10986/24138
_version_	1764455748434132992

The Week

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