I revisit the intertemporal labor supply framework, using exogenous variations in daily weather to see how time at work varies with rain. In my model, a rainy day is associated with a lower enjoyment of leisure, effectively increasing wages and bringing more hours at work. I test the model using data from the American Time Use Survey, supplemented with daily weather. I find that, on rainy days, men shift on average 30 minutes from leisure to work. Computations give a rough estimate of the intertemporal elasticity of labor supply of around 0.01, in line with the rest of the literature.
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Volume (Year): 26 (2008) Issue (Month): () Pages: 73-100 Download reference. The following formats are available: HTML,
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Handle: RePEc:ucp:jlabec:v:26:y:2008:p:73-100
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Raymond B. Palmquist & Daniel J. Phaneuf & V. Kerry Smith, 2007.
"Measuring the Values for Time,"
NBER Working Papers
13594, National Bureau of Economic Research, Inc.
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