ABSTRACT

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.