“The bulk of foregone market work time during the recent recession, they say, is spent on leisure.”

August 19th, 2011

I don’t sleep much, don’t watch tv, or other things on this list. That must be why I have so little foregone market work time.

Here’s a breakdown of where the foregone work hours are being allocated:

  • 20% to sleeping.
  • 15% to “other leisure,” including listening to music and being on the computer, exercising and recreation, and hobbies such as arts, collecting, writing.
  • 13% to core home production activities (cooking, cleaning, laundry, etc.)
  • 12% to watching TV.
  • 12% to time investments in own health care, own education, and civic activities.
  • 8% to increased shopping.
  • 7% to home maintenance and repair.
  • 6% to child care.
  • 4% to the care of other older adults.
  • 1% of the foregone market work hours are allocated to job search.