A reduction from 49% of an adult life spent working to 20% is almost as great as a reduction from forty hours a week to fifteen.
This was due to a combination of factors: working hours per week dropped by nearly half, child labor waned, and retirement was invented plus life expectancy increased.
Child labor shouldn’t have an influence on expected life time (non-)work hours for a person of age 20, as they’re no longer a child, right? Or am I missing sth?
This tangentially reminded me of Jason Crawford’s essay on this, which pointed to this interesting paper:
This was due to a combination of factors: working hours per week dropped by nearly half, child labor waned, and retirement was invented plus life expectancy increased.
Child labor shouldn’t have an influence on expected life time (non-)work hours for a person of age 20, as they’re no longer a child, right? Or am I missing sth?