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population because it ignores public goods and the allocation of time to market work, leisure and household production. We …
Persistent link: https://www.econbiz.de/10013052680
Most economic models for time allocation ignore constraints on what people can actually do with their time. Economists recently have emphasized the importance of considering prior consumption commitments that constrain behavior. This research develops a new model for time valuation that uses...
Persistent link: https://www.econbiz.de/10012759700
-market activities, reducing leisure time and mostly increasing time devoted to household production. Similar results are found using …
Persistent link: https://www.econbiz.de/10012760079
From the theoretical point of view, the justification for aggregating leisure and work at home into one entity, "non … socioeconomic variables than is leisure, and this paper shows that the aggregation is also suspect from the analytical point of view …
Persistent link: https://www.econbiz.de/10013227533
We revisit the causes, welfare consequences, and policy implications of the dispersion in households' labor market outcomes using a model with uninsurable risk, incomplete asset markets, and home production. Accounting for home production amplifies welfare-based differences across households...
Persistent link: https://www.econbiz.de/10012931216
Hundreds of papers have investigated how incentives and policies affect hours worked in the market. This paper examines how income taxes affect time allocation in the other two-thirds of the day. Using the Panel Study of Income Dynamics from 1975 to 2004, we analyze the response of single...
Persistent link: https://www.econbiz.de/10014045896
Recent research has documented that income inequality in the United States has increased dramatically over the prior three decades. There has been less of a consensus, however, on whether the increase in income inequality was matched by an equally large increase in consumption inequality. Most...
Persistent link: https://www.econbiz.de/10013107973
This paper examines inequality in both leisure and consumption over the past four decades using time use surveys … most of the long run variation in leisure. We then use these characteristics to predict the distribution of leisure in the … that it gives us measures of consumption and leisure at the family level within a single data source. We find that leisure …
Persistent link: https://www.econbiz.de/10013322132
Information frictions imply it is reasonable to expect the same commodity, in a given location, to sell for different prices at the same time. Aguiar and Hurst (AH) [2007] demonstrate how the search behavior implied by these price differences can be used estimate the opportunity cost of time....
Persistent link: https://www.econbiz.de/10012957384
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … duration and the split of time between household production and leisure. U.S. data for 2003-2006 show that almost none of the …
Persistent link: https://www.econbiz.de/10012757952