| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060150 | Economics Letters | 2011 | 4 Pages |
Abstract
I examine how people's consumption of time-saving products can be used to estimate the shadow value of time. I use a household production model to motivate an empirical approach that can be implemented using survey data.
⺠A method for predicting the shadow value of time decoupled from the wage rate. ⺠Uses demand for time-saving convenience products to bound the shadow value of time. ⺠Sketches an econometric model that uses bounds and parametric assumptions to predict the shadow value of time.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Daniel J. Phaneuf,