Are time and money equally substitutable for all commodity groups in the household’s domestic production?

Carla Canelas, François Gardes, Philip Merrigan and Silvia Salazar
Additional contact information
Carla Canelas: American University of Paris
François Gardes: Université Paris 1, Centre d’Economie de la Sorbonne

Review of Economics of the Household, 2019, vol. 17, issue 1, No 11, 267-285

Abstract: Abstract This article uses time-use and household expenditure data to measure the substitutability between time and money within the Beckerian household production framework. The elasticity of substitution is estimated for five commodity groups and across two developing countries: Ecuador and Guatemala. The estimated elasticities are positive, indicating substitutability, and much larger for all other goods compared to food. Our results raise some interesting questions regarding the policy effects of an intervention that does not consider the money/time trade-offs in consumption.

Keywords: Domestic production; Elasticity of substitution; Time use; Statistical matching (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/10.1007/s11150-018-9425-1 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Are time and money equally substitutable for all commodity groups in the household’s domestic production? (2019)
Working Paper: Are time and money equally substitutable for all commodity groups in the household’s domestic production? (2019)
Working Paper: Are time and money equally substitutable for all commodity groups in the household’s domestic production? (2019)
Working Paper: Are Time and Money Equally Substitutable for All Commodity Groups in the Household's Domestic Production? (2014)
Working Paper: Are Time and Money Equally Substitutable for All Commodity Groups in the Household's Domestic Production? (2014)
Working Paper: Are Time and Money Equally Substitutable for All Commodity Groups in the Household's Domestic Production? (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:reveho:v:17:y:2019:i:1:d:10.1007_s11150-018-9425-1

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11150/PS2

DOI: 10.1007/s11150-018-9425-1

Access Statistics for this article

Review of Economics of the Household is currently edited by Shoshana Grossbard

More articles in Review of Economics of the Household from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().