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

Laurens Cherchye, Bram De Rock and Frederic Vermeulen

No 9001, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: identification; home production; time use; production shifter (search for similar items in EconPapers)
JEL-codes: D11 D12 D13 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2015-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published - published in: Economics Letters, 2015, 137, 187-190

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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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