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Social commentators have pointed to problems of workers who face time stress an absence of sufficient time to accomplish all their tasks. An economic theory views time stress as reflecting how tightly the time constraint binds households. Time stress will be more prevalent in households with...
Persistent link: https://www.econbiz.de/10010267657
Using time-diary data from four countries we show that the unemployed spend most of the time not working for pay in additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment duration and the split of time between household...
Persistent link: https://www.econbiz.de/10010269324
Persistent link: https://www.econbiz.de/10001895947
These studies are based on information on time use in nine countries. Such studies will become more common as more governments fund time-budget surveys and as economists realize the benefits of using this type of data. Each does something that either could not have been accomplished at all, or...
Persistent link: https://www.econbiz.de/10009633606
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...
Persistent link: https://www.econbiz.de/10014491241