Title: A simple identification strategy for Gary Becker’s time allocation model
Authors: Cherchye, Laurens
De Rock, Bram
Vermeulen, Frederic
Issue Date: Apr-2015
Publisher: KU Leuven CES
Series Title: CES - Discussion paper series, DPS15.06 pages:1-11
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.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Research Center of Public Economics, Leuven
Faculty of Business and Economics, Campus Kulak Kortrijk – miscellaneous
Faculty of Economics and Business, Leuven - miscellaneous

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