Vacation and why Americans take so little

Description

Note: This episode originally ran in 2023.Do you work more for more money? Or work less for more time? For some, this is the ultimate economic choice. Every single worker in the European Union is guaranteed four weeks of paid vacation. No matter how long they’ve been at a company. No matter how low paying the job is. Vacation is a right. In fact, all but one of the richest countries in the world guarantees paid vacation, except: the U.S. According to a 2019 study, people in Japan get 10 paid vacation days and 15 paid holidays; in Australia it’s 20 paid vacation days and 8 paid holidays; and in Spain it’s 25 paid vacation days and 14 paid holidays. And it’s not just a rich country thing: Mexico, Afghanistan, Thailand, Tanzania - they all guarantee paid vacation from work, at least in the formal job sector. In the U.S: Zero paid vacation days and zero paid holidays. So, why is the United States the outlier? We go to several labor economists and historians, to find out what makes Americans different from Europeans. It’s a winding journey, so maybe put in a request for some paid time off and take a listen!Some articles we mention in this episode:“No Vacation Nation”“Study: A Record 768 Million U.S. Vacation Days Went Unused in ‘18, Opportunity Cost in the Billions”“Why the US is one of only a few countries with no paid time off”This episode was hosted by Sarah Gonzalez, produced by Sam Yellowhorse Kesler, edited by Jess Jiang, engineered by Maggie Luthar, and fact-checked by Sierra Juarez. Alex Goldmark is our executive producer. Book info. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy