Sports and (real) business cycles

Sports and (real) business cycles

We extend a basic real business cycle model to incorporate households doing sports. Households decide on spending time at the workplace and spending time on doing sports. Sports acts as an investment in health and, thereby, affects total factor productivity. We study the implications of sports for t...

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Veröffentlicht in:Applied economics letters 2015-02, Vol.22 (3), p.233-238
Hauptverfasser: Ҫenesiz, M. Alper, Pierdzioch, Christian
Format: Artikel
Sprache:eng
Schlagworte:
Business cycles
Economic analysis
Households
output volatility
persistence
Productivity
Sports
Studies
technology shocks
Total factor productivity
Volatility
Work place
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Beschreibung
Zusammenfassung:We extend a basic real business cycle model to incorporate households doing sports. Households decide on spending time at the workplace and spending time on doing sports. Sports acts as an investment in health and, thereby, affects total factor productivity. We study the implications of sports for the propagation of technology shocks and for the volatility and persistence of output at business cycle frequencies.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2014.934428