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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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leisure services. By extending the endogenous growth model with leisure developed by Ladrón-de Guevara et al. [1999], our … between work, education, purely free time and time spent on leisure services, where the latter represents therefore an … additional time-consuming activity. Accordingly, service consumption is tied to a production sector for leisure services in our …
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, we develop and investigate a model with an additional sector for the production of leisure services. In turn, our three … physical goods and on ‘pure' leisure - by introducing consumption of leisure services. As the latter is a time- consuming … work, education, purely free time and leisure activities in our framework. We characterize analytically the Balanced Growth …
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