Health status and the allocation of time
AbstractIn this paper, we quantify the effects of health on time allocation. We estimate that improvements in health status have large and positive effects on time allocated to home and market production and large negative effects on time spent watching TV, sleeping, and consuming other types of leisure. We find that poor health status results in about 300 additional hours allocated to unproductive activities per year. Plausible estimates of the cost of this lost time exceed $10,000. We also find that, for men, better health induces a substitution of market-produced goods for home-produced goods. Particularly, each additional minute spent in home production saves $0.37.
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Health Economics.
Volume (Year): 21 (2012)
Issue (Month): 5 (05)
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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/5749
Other versions of this item:
- Halliday, Timothy J. & Podor, Melinda, 2009. "Health Status and the Allocation of Time," IZA Discussion Papers 4368, Institute for the Study of Labor (IZA).
- Melinda Podor & Timothy Halliday, 2010. "Health Status and the Allocation of Time," Working Papers 201007, University of Hawaii at Manoa, Department of Economics.
- Melinda Podor & Timothy J. Halliday, 2009. "Health Status and the Allocation of Time," Working Papers 200907, University of Hawaii at Manoa, Department of Economics.
- I1 - Health, Education, and Welfare - - Health
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
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