Hamermesh, Daniel S. (ed.); Polachek, Solomon W. (ed.) - 2024 - First edition
Beginning in 1965 Nobel Laureate Gary Becker realized that shadow prices, which reflect the value of one's time, may be … at least as important as money prices. Implications of his resulting theory of time allocation were not tested until much … later when governments began to collect extensive data on how individuals utilized their time. Time Use in Economics …