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The Value of Leisure Time: A Contingent Rating Approach

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  • Begona Alvarez-Farizo
  • Nick Hanley
  • Ramon Barberan

Abstract

In this paper, we apply the contingent rating method to the problem of estimating a value for leisure time. This is an important component of recreation demand models. A tradition in this literature has been to use some fixed percentage of the wage rate as the value of time. However, time values are likely to vary across individuals to a greater extent than this suggests, whilst for a given individual time is differently valued according to how it is spent. Empirical results show that there is indeed a wide variation in leisure time values.

Suggested Citation

  • Begona Alvarez-Farizo & Nick Hanley & Ramon Barberan, 2001. "The Value of Leisure Time: A Contingent Rating Approach," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 44(5), pages 681-699.
  • Handle: RePEc:taf:jenpmg:v:44:y:2001:i:5:p:681-699
    DOI: 10.1080/09640560120079975
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    Citations

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    Cited by:

    1. Bowker, James Michael & Starbuck, C. Meghan & English, Donald B.K. & Bergstrom, John C. & Rosenberger, Randall S. & McCollum, Daniel W., 2009. "Estimating the Net Economic Value of National Forest Recreation: An Application of the National Visitor Use Monitoring Database," Faculty Series 59603, University of Georgia, Department of Agricultural and Applied Economics.
    2. Guy Hutton, Laurence Haller and Jamie Bartram, 2006. "Economic and Health Effects of Increasing Coverage of Low Cost Water and Sanitation Interventions," Human Development Occasional Papers (1992-2007) HDOCPA-2006-33, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    3. Tiziana Cuccia & Roberto Cellini, 2007. "Is cultural heritage really important for tourists? A contingent rating study," Applied Economics, Taylor & Francis Journals, vol. 39(2), pages 261-271.
    4. Jara-Díaz, Sergio R. & Munizaga, Marcela A. & Greeven, Paulina & Guerra, Reinaldo & Axhausen, Kay, 2008. "Estimating the value of leisure from a time allocation model," Transportation Research Part B: Methodological, Elsevier, vol. 42(10), pages 946-957, December.
    5. Willmarth, Blake & Turner, Robert, 2010. "Respondent Consistency in a Tournament-Style Contingent Choice Survey," Working Papers 2010-05, Department of Economics, Colgate University.
    6. O'Garra, Tanya & Mourato, Susana & Pearson, Peter, 2008. "Investigating attitudes to hydrogen refuelling facilities and the social cost to local residents," Energy Policy, Elsevier, vol. 36(6), pages 2074-2085, June.

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