Counting Vacation Days

by Patrick Appel

Ezra Klein complains that Americans don't get much time off. Reihan adds context:

It's true that American have fewer paid vacations and paid holidays.But the top 80 to 90 percent of U.S. households have more disposableincome than their counterparts in the vast majority of OECD economies.Paid vacation is best understood as a form of non-cash compensation.It's not obvious that we should collectively choose more paid vacationover more pay, and the lack of mandatory paid-vacation...