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Valuing housework time from willingness to spend time and money for environmental quality improvements

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  • Young-Sook Eom
  • Douglas Larson

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    Abstract

    We develop a new approach to assessing the value of home production time based on willingness to spend time and money to obtain environmental improvements. When peoples’ choice is constrained by time as well as money, measures of willingness to pay can be defined with respect to either numeraire. In a model that explicitly allows for multiple shadow values of time, we show that the willingness to pay time and money measures are linked through the value of saving time. With survey information on peoples’ willingness to spend additional time on housework activities, as well as pay money, to obtain environmental quality improvements, joint estimation within a utility-consistent structure produces estimates of both willingness to pay and the value of saving housework time. From the value of saving housework time, the marginal value of housework time can be readily identified. When applied to Korean households’ valuation of water quality improvements in the Man Kyoung River, we find that the value of housework time is 70–80% of the market wage. Copyright Springer Science+Business Media, LLC 2006

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    File URL: http://hdl.handle.net/10.1007/s11150-006-0008-1
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    Bibliographic Info

    Article provided by Springer in its journal Review of Economics of the Household.

    Volume (Year): 4 (2006)
    Issue (Month): 3 (09)
    Pages: 205-227

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    Handle: RePEc:kap:reveho:v:4:y:2006:i:3:p:205-227

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    Web page: http://www.springerlink.com/link.asp?id=109451

    Related research

    Keywords: Household production; Value of time; Housework time; Nonmarket valuation; Contingent valuation; D1; H4; Q26;

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    1. John List, 2001. "Do explicit warnings eliminate the hypothetical bias in elicitation procedures? Evidence from field auctions for sportscards," Framed Field Experiments 00163, The Field Experiments Website.
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    Cited by:
    1. Shigeru Matsumoto, 2014. "Spouses’ time allocation to pro-environmental activities: who is saving the environment at home?," Review of Economics of the Household, Springer, Springer, vol. 12(1), pages 159-176, March.
    2. Godwin Kofi Vondolia & Håkan Eggert & Ståle Navrud & Jesper Stage, 2014. "What do respondents bring to contingent valuation? A comparison of monetary and labour payment vehicles," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 3(3), pages 253-267, November.
    3. Tilahun, Mesfin & Vranken, Liesbet & Muys, Bart & Deckers, Jozef A. & Gebregziabher, Kidanemariam & Gebrehiwot, Kindeya & Bauer, Hans & Mathijs, Erik, 2012. "Rural Households’ Demand for Frankincense Forest Conservation in Tigray: A Continent Valuation Analysis," Working Papers, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics 146520, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    4. Ahlheim, Michael & Frör, Oliver & Heinke, Antonia & Duc, Nguyen Minh & Dinh, Pham Van, 2010. "Labour as a utility measure in contingent valuation studies: how good is it really?," FZID Discussion Papers 13-2010, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    5. Tuan, Tran Hu & Lindhjem, Henrik, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," MPRA Paper 11470, University Library of Munich, Germany.

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