Arbeitspapier
A Simple Identification Strategy for Gary Becker's Time Allocation Model
The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental identification problem. We demonstrate that the identification problem can be solved if production shifters are available.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 9001
- Classification
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Wirtschaft
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Household Production and Intrahousehold Allocation
- Subject
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time use
home production
identification
production shifter
- Event
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Geistige Schöpfung
- (who)
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Cherchye, Laurens
De Rock, Bram
Vermeulen, Frederic
- Event
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Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Cherchye, Laurens
- De Rock, Bram
- Vermeulen, Frederic
- Institute for the Study of Labor (IZA)
Time of origin
- 2015