Speaker: Lukasz Rachel (UCL)
Homepage: https://sites.google.com/site/lukaszrachel/
Title: Leisure-enhancing technological change
Abstract: Modern economies are awash with leisure-enhancing technologies: products supplied in exchange for time and attention, rather than money. This paper studies where such technologies come from and how they interact with the broader macroeconomy. Leisure innovation arises endogenously, propelled by the desire to capture consumers' time and attention – inputs used to produce intangible assets such as brand equity. The non-rival nature of leisure products implies that the sector that is small in the aggregate can have significant effects at a macro level.
Format: Hybrid
Organiser: Sekyu