A Method to infer time preference from the value of time

François Gardes ()
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François Gardes: Centre d'Economie de la Sorbonne, Paris School of Economics and Western Catholic University, https://cv.archives-ouvertes.fr/francois-gardes

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: Using a generalization of Becker's time allocation model in order to estimate the shadow price of time, we explore the relationship between the inter-temporal substitution rate and the opportunity cost of time, allowing the endogenization of the time preference from the estimation of the value of time

Keywords: Time Allocation; Inter-temporal substitution rate; psychological rate of interest; opportunity cost of time (search for similar items in EconPapers)
JEL-codes: D31 J22 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2021-03
New Economics Papers: this item is included in nep-isf
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http://mse.univ-paris1.fr/pub/mse/CES2021/21019.pdf (application/pdf)
https://halshs.archives-ouvertes.fr/halshs-03289200

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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:21019

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