Full Citation

Title: Income, wages and household production theory

Citation Type: Journal Article

Publication Year: 2020

ISBN:

ISSN:

DOI: 10.1016/j.econlet.2020.109188

NSFID:

PMCID:

PMID:

Abstract: With the American Time Use Survey 2003-15 we show that both non-workers and workers with higher household incomes spend less time on two quantitatively important time-intensive activities, sleep and TV-watching. This finding cannot be explained by the standard (Becker, 1965) ”commodity production” model. We modify that model to allow both substitution between time and goods in household production and substitution among commodities in utility functions, which rationalizes these results and suggests a way forward for empirical work on household behavior.

Url: https://www-sciencedirect-com.ezp3.lib.umn.edu/science/article/pii/S0165176520301397

User Submitted?: No

Authors: Biddle, Jeff E.; Hamermesh, Daniel S.

Periodical (Full): Economics Letters

Issue:

Volume: 192

Pages: 109188

Data Collections: IPUMS Time Use - ATUS

Topics: Labor Force and Occupational Structure, Population Data Science, Work, Family, and Time

Countries: