Labor Supply and the Value of Non-work Time: Experimental Estimates from the Field
Alexandre Mas and
American Economic Review: Insights, 2019, vol. 1, issue 1, 111-26
We estimate the marginal value of non-work time (MVT) using a field experiment. We offered job applicants randomized wage-hour bundles. Choices over these bundles yield estimates of the MVT as a function of hours, tracing out a labor supply relationship. The substitution effect is positive. Individual labor supply is highly elastic at low hours and more inelastic at higher hours. For unemployed applicants, our preferred estimate of the average opportunity cost of a full-time job due to lost leisure and household production is 60 percent of after-tax marginal product, and 72 percent when including fixed costs of employment and child-care costs.
JEL-codes: C93 J22 J24 J31 J64 J65 (search for similar items in EconPapers)
Note: DOI: 10.1257/aeri.20180070
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to AEA members and institutional subscribers.
Working Paper: Labor Supply and the Value of Non-Work Time: Experimental Estimates from the Field (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aea:aerins:v:1:y:2019:i:1:p:111-26
Ordering information: This journal article can be ordered from
Access Statistics for this article
American Economic Review: Insights is currently edited by Amy Finkelstein
More articles in American Economic Review: Insights from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().