A simple identification strategy for Gary Becker’s time allocation model

Laurens Cherchye, Bram De Rock and Frederic Vermeulen

No 494186, Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven

Abstract: 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.

Keywords: SHARP - 614221; info:eu-repo/grantAgreement/EC/FP7/614221 (search for similar items in EconPapers)
Date: 2015-04
Note: paper number DPS 15.06
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Published in CES - Discussion paper series,, pages 1-11

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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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Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:494186

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