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Working for the Weekend: A Time Allocation Model for Student Workers

Listed author(s):
  • Joe S. Ballard
  • E. Anthon Eff

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.

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File URL: http://capone.mtsu.edu/jee/2014/P108toP119-MS114.pdf
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Article provided by Middle Tennessee State University, Business and Economic Research Center in its journal Journal for Economic Educators.

Volume (Year): 14 (2014)
Issue (Month): 1 (Fall)
Pages: 108-119

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Handle: RePEc:mts:jrnlee:v:14:y:2014:i:1:p:108-119
Contact details of provider: Web page: http://www.mtsu.edu/~jee
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  1. 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).
  2. 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.
  3. Christopher C. Klein, 2007. "The Economics of Time as a Resource," Working Papers 200712, Middle Tennessee State University, Department of Economics and Finance.
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