A Simple Identification Strategy for Gary Becker's Time Allocation Model

The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental identification problem. We demonstrate that the identification problem can be solved if production shifters are available

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Year of publication:	2015
Authors:	Cherchye, L.
Other Persons:	de Rock, Bram (contributor) ; Vermeulen, Frederic (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Zeitverwendung \| Time use

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Extent:	1 Online-Ressource (11 p)
Series:	KU LEUVEN Center for Economic Studies Discussion Paper Series DPS15.06
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 7, 2015 erstellt
Other identifiers:	10.2139/ssrn.2595153 [DOI]
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; D13 - Household Production and Intrahouse Allocation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013024287