Household Production and Consumption of News-Information Services: An Empirical Study
A dramatic decline in newspaper consumption has been observed in recent years. This paper offers a theoretical justification for this phenomenon based on the opportunity cost of household time. A rising labor force participation rate, which proxies the opportunity cost of household production, helps explain the observed decline in newspaper consumption in a simple empirical test.
Volume (Year): 20 (1994)
Issue (Month): 1 (Winter)
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