Melinda Podor (Department of Economics, University of Hawaii at Manoa) Timothy J. Halliday () (Department of Economics, University of Hawaii at Manoa, Institute for the Study of Labor (IZA))
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In 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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Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number
200907.
Find related papers by JEL classification: I1 - Health, Education, and Welfare - - Health J2 - Labor and Demographic Economics - - Demand and Supply of Labor
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