Determinants of the weight for leisure in preferences

Artikel

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 1950 to 2009. Then, the authors perform several panel data regressions using the backed-out values of the preference for leisure as the dependent variable. Estimation results imply that trade openness, GDP per-capita and average temperature positively affect the weight for leisure in preferences in a robust manner. They also find some evidence about the effect of unionization and unemployment.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 8 ; Year: 2014 ; Issue: 2014-9 ; Pages: 1-26 ; Kiel: Kiel Institute for the World Economy (IfW)

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Demand and Supply of Labor: General ; Time Allocation and Labor Supply
• Subject: Leisure ; preferences ; panel data

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Elgin, Ceyhun ; Yucel, Emekcan
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2014

Further information

• DOI: doi:10.5018/economics-ejournal.ja.2014-9
• Handle: http://hdl.handle.net/10419/93134
• Last update: 10.03.2025, 11:41 AM CET