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This paper explores the extent to which workers are willing to trade hours worked for leisure time shared with their … spouse. This parameter is essential to properly assess contemporary trends in the regulation of work and leisure time. We use … but we show that a large fraction of them substitute a day of unpaid leisure for a day of paid work whenever their spouse …
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The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
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