Divergence in Work-Leisure Choices Amidst Rising Living Standards
To understand why working hours vary significantly between countries and have changed over time, it is necessary to analyze the fundamental economic problem of scarcity. Because individuals cannot have everything they want—such as unlimited material goods and free time—they must make choices. The analysis of these choices is approached using a formal model of decision-making, which provides a framework for explaining why different groups might choose different balances between work and leisure.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.3 Doing the best you can: Scarcity, wellbeing, and working hours - The Economy 2.0 Microeconomics @ CORE Econ
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