IDEAS home Printed from https://ideas.repec.org/a/wly/econjl/vy2015i583p403-409.html

Introduction to A Theory of the Allocation of Time by Gary Becker

Author

Listed:
  • James J. Heckman

Abstract

Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of household production and the allocation of time within the household. The analytical framework of household production theory developed in this paper remained a pillar of his later work on the economics of the family and the economics of nonmarket activities more generally. Becker provided a formal model of households producing outputs like food, children, and housing that bundled goods and time. Becker's great contribution was to apply the model to interpret a broad array of empirical phenomena. Becker's framework allowed for a deeper understanding of the mechanisms of consumer choice, and interpretation of income and substitution effects. Its continuing relevance in empirical economics is a testimony to its power.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • James J. Heckman, 2015. "Introduction to A Theory of the Allocation of Time by Gary Becker," Economic Journal, Royal Economic Society, vol. 0(583), pages 403-409, March.
    • Handle: RePEc:wly:econjl:v::y:2015:i:583:p:403-409
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/ecoj.2015.125.issue-583
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cherchye, Laurens & De Rock, Bram & Vermeulen, Frederic, 2015. "A simple identification strategy for Gary Becker’s time allocation model," Economics Letters, Elsevier, vol. 137(C), pages 187-190.
    2. Andrew L. Kun & Raffaella Sadun & Orit Shaer & Thomaz Teodorovicz, 2022. "How does working from home during COVID-19 affect what managers do? Evidence from time-use studies," POID Working Papers 029, Centre for Economic Performance, LSE.
    3. Sofia Izquierdo Sanchez & Caroline Elliott & Robert Simmons, 2016. "Substitution between leisure activities: a quasi-natural experiment using sports viewing and cinema attendance," Applied Economics, Taylor & Francis Journals, vol. 48(40), pages 3848-3860, August.
    4. Sara H. HOSNEY, 2016. "Factors Influencing Female Labor Force Participation in Egypt and Germany: A Comparative Study," Turkish Economic Review, KSP Journals, vol. 3(3), pages 537-541, September.
    5. Rinshu Dwivedi & Jalandhar Pradhan & Ramesh Athe, 2021. "Measuring catastrophe in paying for healthcare: A comparative methodological approach by using National Sample Survey, India," International Journal of Health Planning and Management, Wiley Blackwell, vol. 36(5), pages 1887-1915, September.
    6. Andrew L. Kun & Raffaella Sadun & Orit Shaer & Thomaz Teodorovicz, 2022. "Multitasking while driving: a time use study of commuting knowledge workers to access current and future uses," POID Working Papers 028, Centre for Economic Performance, LSE.
    7. Emran, Shahe & Shilpi, Forhad, 2018. "Agricultural Productivity, Hired Labor, Wages, and Poverty: Evidence from Bangladesh," World Development, Elsevier, vol. 109(C), pages 470-482.
    8. repec:aep:anales:4457 is not listed on IDEAS
    9. Georgarakis, Elena & Bauwens, Thomas & Pronk, Anne-Marie & AlSkaif, Tarek, 2021. "Keep it green, simple and socially fair: A choice experiment on prosumers’ preferences for peer-to-peer electricity trading in the Netherlands," Energy Policy, Elsevier, vol. 159(C).
    10. Yordanos Gebremeskel, 2015. "Job Creation and Employment-Gender-Gap among Micro and Small Enterprises," Business and Management Research, Business and Management Research, Sciedu Press, vol. 4(2), pages 1-12, June.
    11. Claudia Goldin & Lawrence F. Katz, 2024. "The Incubator of Human Capital: The NBER and the Rise of the Human Capital Paradigm," NBER Chapters, in: The Economic History of American Inequality: New Evidence and Perspectives, pages 225-247, National Bureau of Economic Research, Inc.
    12. Partha Pratim DUBE, 2020. "Least Possible Time to Reach Targeted Profit Function under Unitary Transformation," Romanian Journal of Economics, Institute of National Economy, vol. 50(1(59)), pages 05-15, June.
    13. Héctor Pifarré i Arolas, 2017. "A cohort perspective of the effect of unemployment on fertility," Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(4), pages 1211-1239, October.
    14. S Subramanian, 2018. "Participation of rural households in farm, non-farm and pluri-activity: Evidences from India," Working Papers 412, Institute for Social and Economic Change, Bangalore.
    15. Giulia Mancini, 2018. "Women's Labor Force Participation in Italy, 1861-2011," Rivista di storia economica, Società editrice il Mulino, issue 1, pages 3-68.
    16. Levin, Simon, . "Mathematical Ecology, Evolution and the Social Sciences," Ecology, Economy and Society - the INSEE Journal, Indian Society of Ecological Economics (INSEE), vol. 4(01).
    17. Nazier, Hanan & Ezzat, Asmaa, 2022. "Gender differences and time allocation: A comparative analysis of Egypt and Tunisia," The Quarterly Review of Economics and Finance, Elsevier, vol. 85(C), pages 174-193.
    18. Sara Hassan Hosney, 2016. "Factors Influencing Female Labor Force Participation in Egypt and Germany: A Comparative Study," SOEPpapers on Multidisciplinary Panel Data Research 826, DIW Berlin, The German Socio-Economic Panel (SOEP).
    19. Sanchis, Raúl G., 2023. "Towards a general equilibrium theory of allocation of time for the digital revolution era," Technology in Society, Elsevier, vol. 72(C).

    More about this item

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:econjl:v::y:2015:i:583:p:403-409. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/resssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.