Published in:KU LEUVEN Center for Economic Studies Discussion Paper Series DPS15.06
Extent:
1 Online-Ressource (11 p)
Language:
English
DOI:
10.2139/ssrn.2595153
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 7, 2015 erstellt
Description:
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