Why hasn’t economic progress lowered work hours more?

Here is a 42-minute video of a talk I gave on that topic at Duke University recently.

I start with Keynes’s prediction that we will be working 15 hours a week by 2030 and ask why it doesn’t seem to be coming true.  Along the way, I consider the dominance of the substitution effect over the income effect for labor supply, and ponder why we don’t all have more sex.  I conclude that progress is real rather than illusory, and we are not all caught up in a destructive rat race.

A paper on the same is forthcoming.


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