Eternal vacation: an uptick in downtime.EVERY TIME President George W. Bush leaves Washington for his annual month-long vacation in Texas, editorialists pine for the days when the average American could kick back for a marathon holiday. But according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new study from the National Bureau of Economic Research The National Bureau of Economic Research (NBER) is a "private, nonprofit, nonpartisan research organization" dedicated to studying the science and empirics of economics, especially the American economy. , the average American enjoys more free time than his parents did. Analyzing information from four decades of time use surveys, economists Mark Aguiar of the Federal Reserve Bank of Boston The Federal Reserve Bank of Boston is responsible for the First District of the Federal Reserve, which covers Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It is headquartered in Boston, Massachusetts. and Erik Hurst of the University of Chicago found that leisure time (defined as time spent on "entertainment/social activities/relaxing") jumped an average of 6.4 hours a week for men between 1965 and 2003. Even more surprising, women's leisure time rose substantially as well, by an average of 3.8 hours a week. How can this be, given the mass entry of women into the work force during the same period? Hurst and Aguiar found that the decrease in women's home production work hours made possible by modern conveniences such as take-out Take-out A cash surplus generated by the sale of one block of securities and the purchase of another, e.g., selling a block of bonds at 99 and buying another block at 95. Also, a bid made to a seller of a security that is designed (and generally agreed) to take the seller out of food, microwave ovens, and dishwashers more than made up for the increase in market work hours, resulting in a net increase in downtime. Women may be spending more hours in the office, but they're spending many fewer hours in the kitchen. None of this is necessarily inconsistent with the cherished popular image of a frenetic fre·net·ic or phre·net·ic also fre·net·i·cal or phre·net·i·cal adj. Wildly excited or active; frantic; frenzied. [Middle English frenetik, from Old French frenetique , hypercharged country. A recent poll by the Pew Research Center The Pew Research Center is a "fact tank" based in Washington, D.C., that provides information on the issues, attitudes and trends shaping the USA and the world. The Center and its projects receive funding from The Pew Charitable Trusts. found that 21 percent of men and 26 percent of women always feel rushed. But to the extent that the average American is busier, the research suggests the culprit isn't economic necessity. It's choice. |
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