A Simple Identification Strategy for Gary Becker's Time Allocation Model

Laurens Cherchye, Bram De Rock and Frederic Vermeulen

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: The implementation of Gary Beckers (1965) time allocation model is ham-pered by the fact that values of the di¤erent time uses are usually not observed.In practice, one often assumes that the value of time is uniform across time usesby using market wages. This approach implies a fundamental identification prob-lem. We demonstrate that the identification problem can be solved if productionshifters are available.

Keywords: time use; home production; identification; production shifter (search for similar items in EconPapers)
JEL-codes: D11 D12 D13 (search for similar items in EconPapers)
Pages: 8 p.
Date: 2015-03
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: A simple identification strategy for Gary Becker’s time allocation model (2015)
Working Paper: A simple identification strategy for Gary Becker’s time allocation model (2015)
Working Paper: A Simple Identification Strategy for Gary Becker's Time Allocation Model (2015)
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