Labor supply and entertainment innovations: evidence from the US TV rollout
George Fenton and Felix Koenig
We study the impact of entertainment technology on labor supply. Using Social Security work histories and a natural experiment arising from the regulated US rollout of television, we estimate that a station launch reduced the probability of working by around 0.3 percentage points, driven mainly by an increase in older-age-group retirement rates. The results support the hypothesis that television?s rise contributed to the midcentury transition of retirement from a necessity to "golden years" of enjoyment. Our findings indicate that entertainment innovations have a less pronounced effect on overall labor supply trends than model calibrations in the previous literature suggest.
1 October 2025
American Economic Journal: Applied Economics 17(4) , pp.1?28, 2025
https://www.aeaweb.org/articles?id=10.1257/app.20230377
This Journal article is published under the centre's Labour programme.