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Time and Economic Well–Being—A Panel Analysis of Desired versus Actual Working Hours
Author(s) -
Merz Joachim
Publication year - 2002
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/1475-4991.00057
Subject(s) - dimension (graph theory) , working hours , economics , working time , panel data , welfare , econometric analysis , panel analysis , economic welfare , personal income , econometrics , demographic economics , labour economics , macroeconomics , work (physics) , mathematics , engineering , mechanical engineering , market economy , pure mathematics
Individual well–being has its resources by income and time. Though income traditionally is on the focuses of well–being analyses, the connected time dimension is often neglected. One important dimension of individual welfare regarding time and income is the possibility to harmonize desired with actual working hours connected with the income dimension. This paper will analyze this working hour tension by a ten year panel analysis for Germany. Besides descriptive measures of the subjective tension over a decade from the mid 1980s to the mid 1990s, the panel econometric analyses will quantify personal and household influences in explaining the working hour tension as one further important economic well–being measure.