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
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 9001

Classification
Wirtschaft
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Household Production and Intrahousehold Allocation
Subject
time use
home production
identification
production shifter

Event
Geistige Schöpfung
(who)
Cherchye, Laurens
De Rock, Bram
Vermeulen, Frederic
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2015

Handle
Last update
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

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