Working for the Weekend: A Time Allocation Model for Student Workers
An important area of consumer choice is time allocation and its role in dictating behavior. For the typical student worker, the time allocation decision involves three primary activities: paid employment, academic pursuits, and leisure pursuits. Exogenous factors such as the wage rate, price of consumption, rate of effective studying, desired academic grade, and total time available influence an individual’s choice of time to spend on work, study, and leisure. The effects of these exogenous factors reveal a bifurcation in the student worker’s time allocation decision: a labor-leisure tradeoff versus academics. The time allocation model developed here derives these effects for the hybrid case of the student worker.
Volume (Year): 14 (2014)
Issue (Month): 1 (Fall)
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- Christopher C. Klein, 2007. "The Economics of Time as a Resource," Working Papers 200712, Middle Tennessee State University, Department of Economics and Finance.
- Kalenkoski, Charlene Marie & Pabilonia, Sabrina Wulff, 2012.
"Time to work or time to play: The effect of student employment on homework, sleep, and screen time,"
Elsevier, vol. 19(2), pages 211-221.
- Kalenkoski, Charlene M. & Pabilonia, Sabrina Wulff, 2009. "Time to Work or Time to Play: The Effect of Student Employment on Homework, Sleep, and Screen Time," IZA Discussion Papers 4666, Institute for the Study of Labor (IZA).
- Charlene Marie Kalenkoski & Sabrina Wulff Pabilonia, 2011. "Time to Work or Time to Play: The Effect of Student Employment on Homework, Sleep, and Screen Time," Working Papers 450, U.S. Bureau of Labor Statistics.
- Schmidt, Robert M, 1983. "Who Maximizes What? A Study in Student Time Allocation," American Economic Review, American Economic Association, vol. 73(2), pages 23-28, May. Full references (including those not matched with items on IDEAS)
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