Our growing leisure time is affecting economic growth
As more leisure options becoming available, more time is being spent on leisure, meaning that ever more resources are directed towards innovation in the leisure sector.
Lukasz Rachel is a Senior Economist at the Bank of England and a PhD candidate at the London School of Economics.
As more leisure options becoming available, more time is being spent on leisure, meaning that ever more resources are directed towards innovation in the leisure sector.
The authors provide a global narrative on long-term real interest rates.