Economics of Leisure

Authored by: Chris Gratton

Routledge Handbook of Leisure Studies

Print publication date:  April  2013
Online publication date:  July  2013

Print ISBN: 9780415697170
eBook ISBN: 9780203140505
Adobe ISBN: 9781136495595


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Few economists have used the concept of leisure extensively. Most standard economics textbooks will have only one entry in the index for the word ‘leisure’; and this entry will refer to the income/leisure trade-off model that we discuss in the first section of this chapter. The primary reason for this is that whereas academics studying leisure spend their time looking at what people do in their leisure time, economists see leisure as what is left over after we have done both paid and unpaid work. From their perspective, it is a residual.

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