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
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Carla Canelas: AUP - The American University of Paris, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
François Gardes: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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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.

Date: 2019-03-15
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Citations: View citations in EconPapers (4)

Published in Review of Economics of the Household, 2019, 17 (1), pp.267-285. ⟨10.1007/s11150-018-9425-1⟩

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Related works:
Journal Article: 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)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03281842

DOI: 10.1007/s11150-018-9425-1

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