Elgin, Ceyhun; Yucel, Emekcan - In: Economics: The Open-Access, Open-Assessment E-Journal 8 (2014) 2014-9, pp. 1-26
In this paper, the authors investigate the determinants of weight for leisure in preferences. First, using a dynamic … general equilibrium model, they back out the weight for leisure for an unbalanced panel of 52 countries over the period from … leisure as the dependent variable. Estimation results imply that trade openness, GDP per-capita and average temperature …