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Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor
Reconciling Cyclical Movements Marginal Value Time and the Marginal Product Labor
2015/7/20
Recessions appear to be times when the marginal rate of substitution between goods and workers’ time falls below the marginal product of labor. If so, the allocation of workers’ time is inefficient. I...
This paper discusses research questions related to immigrants’ time use, reviews conceptual
and methodological approaches to examining time allocations, and reviews evidence from
previous studies. I...
Are We There Yet? Time for Checks and Balances on New Institutionalism
institutions economic growth development
2012/10/19
New institutionalism has had considerable success during the last decade in shepherding the
debate on sustained economic development. If the sociopolitical, legal and economic
transformations in the...
Working Time Preferences, Hours Mismatch and Well-Being of Couples: Are There Spillovers?
subjective well-being life satisfaction working time preferences working time mismatch spillovers utility interdependence
2012/10/23
We analyze how well-being is related to working time preferences and hours mismatch. Self-reported measures of life satisfaction are used as an empirical approximation of true wellbeing. Our results i...
Extending Becker's Time Allocation Theory to Model Continuous Time Blocks: Evidence from Daylight Saving Time
time allocation continuous time blocks daylight saving time
2012/10/23
Most activities in life require a certain amount of continuous time. Yet, in the traditional economic model of time allocation, the time block is not taken into account. Hence, the same amount of util...
Value of Time: Speeding Behavior and Gasoline Prices
value of time speeding gasoline price
2012/10/23
Do drivers reduce speeds when gasoline prices are high? Previous research investigating this energy conservation hypothesis produced mixed results. We take a fresh look at the data and estimate a sign...
Birth Order and Child Outcomes: Does Maternal Quality Time Matter?
birth order achievement production time use
2012/10/22
Higher birth order positions are often associated with poorer outcomes, possibly due to fewer resources received within the household. Using a sample of PSID-CDS children, we investigate whether the b...
How would people spend time if confronted by permanent declines in market work? We identify preferences off exogenous cuts in legislated standard hours that raised employers' overtime costs in Japan a...
Time vs. Money: The Supply of Voluntary Labor and Charitable Donations across Europe
private philanthropy charitable contribution voluntary organizations
2012/10/23
Volunteering plays a prominent role in the charitable provision of goods and services, yet we know relatively little about why individuals spend time and money to the charity. Assuming that volunteeri...
Using detailed time-use data for seven industrialized countries from the 1970s until today we document general decreases in men's market work coupled with increases in men's unpaid work and child care...
Risk Preferences Are Not Time Preferences: Comment
intertemporal choice risk and certainty convex time budget multiple price list
2012/10/23
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I fin...
How General Are Time Preferences? Eliciting Good-Specific Discount Rates
time preferences self-control problems good-specific discounting savings poverty traps
2012/10/23
This paper tests the broadly adopted assumption that people apply a single discount rate to the utility from different sources of consumption. Using unique data from two surveys conducted in rural Uga...
Aggregate Impacts of a Gift of Time
time use household production demand shock macroeconomic effects
2012/10/18
How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours that raised employers' overtime costs in Japan ar...
It's About Time: Implications of the Period Length in an Equilibrium Job Search Model
simultaneous search on-the-job search wage dispersion labor market frictions
2012/10/23
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destru...
Intensity of Time and Income Interdependent Multidimensional Poverty: Well-Being and Minimum 2DGAP – German Evidence
intensity of time and income poverty interdependent multidimensional time and income poverty union and compensation approach minimum multidimensional poverty gap (2DGAP) extended economic well-being, satisfaction/happiness working poor CES well-being function German Socio-Economic Panel German Time Use Surveys 1991/92 and 2001/02
2012/10/23
Extending the traditional income poverty concept by multidimensional poverty has been of growing interest within the last years. This paper contributes with an analysis of interdependent multidimensio...