Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney

Exercise 6

* People who are wealthy are widely believed to have more leisure time than people who are poor. However, even though we are a good deal wealthier today than our great-grandparents were 100 years ago, we appear to live more hectic lives and have less free time. Can you explain why?