Household Time Use Among Older Couples: Evidence and Implications for Labor Supply

Richard Rogerson and Johanna Wallenius

No 90, 2018 Meeting Papers from Society for Economic Dynamics

Abstract: Using the Consumption Activities Mail Survey (CAMS) module in the HRS we document how time allocations change for individuals within a household when one or more members transitions from full time work to not working. Our basic finding is that the ratio of home production to leisure time is approximately constant for both family members. We then build a model of household labor supply to understand the implications of this finding for preferences and the home production function. We conclude that this fact suggests a relatively large elasticity of substitution between the leisure of the two members. For commonly used preference specifications, this also implies a large (i.e., greater than one) intertemporal elasticity of substitution for leisure.

Date: 2018
New Economics Papers: this item is included in nep-age, nep-dem and nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed018:90

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