Work and Leisure in the U.S. and Europe

Another angle on the US-European divide. This suggests that the labour practices in declining European industries explain much of the difference in work and lesiure between the US and Europe. It is argued that there are increased returns to lesiure - it becomes more valuable as more people enjoy it.

SSRN-Work and Leisure in the U.S. and Europe: Why so Different? by Alberto Alesina, Edward Glaeser, Bruce Sacerdote