On The Price Of Recreation Goods As A Determinant Of Male Labor Supply
AbstractThis paper examines whether and how changes in the price of goods consumed in conjunction with leisure time influence the life-cycle allocation of work effort by part of prime-age males. For the U.S., individual-level data is combined with Metropolitan Area-level price indices of recreation goods to estimate the male elasticity of intertemporal substitution of market time with respect to the price of recreation goods, which is found to be centered at 0.18 and statistically different from zero. The allocation of work effort over the life-cycle in response to changes in the price of recreation goods creates movements in the output of an economy that could be important for understanding economic fluctuations.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2007-04.
Length: 32 pages
Date of creation: Mar 2007
Date of revision:
Publication status: Published by Ivie
Intertemporal substitution; male labor supply; panel data.;
Other versions of this item:
- Jorge González-Chapela, 2007. "On the Price of Recreation Goods as a Determinant of Male Labor Supply," Journal of Labor Economics, University of Chicago Press, vol. 25, pages 795-824.
- C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-10 (All new papers)
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