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Handbook on Valuing Changes in Time Use Induced by Regulatory Requirements and Other EPA Actions

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  • U.S. Environmental Protection Agency (EPA)

Abstract

This document describes how to value changes in time use due to compliance and information provision activities induced by Environmental Protection Agency (EPA) regulatory requirements. Such values inform social cost estimates in benefit-cost analysis, and burden estimates that support information collection requests (ICRs). The document begins with an explanation of the need for valuing time use changes at EPA, then presents conceptual foundations, and offers practical estimation approaches and data sources for valuing work time and non-work time. The discussion draws from two U.S Department of Health and Human Services (HHS) documents (2016, 2017) and relies on other sources as well. A brief examination of recent EPA practice with examples of time use values calculated for past EPA analyses is included.

Suggested Citation

  • U.S. Environmental Protection Agency (EPA), 2020. "Handbook on Valuing Changes in Time Use Induced by Regulatory Requirements and Other EPA Actions," Environmental Economics Guidance Documents 348898, United States Environmental Protection Agency (EPA).
    • Handle: RePEc:ags:enecgd:348898
    DOI: 10.22004/ag.econ.348898
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    1. Joe Amoako-Tuffour & Roberto Martínez-Espiñeira, 2012. "Leisure and the net opportunity cost of travel time in recreation demand analysis: An application to Gros Morne National Park," Journal of Applied Economics, Universidad del CEMA, vol. 15, pages 25-49, May.
    2. Patrick Lloyd-Smith & Joshua K. Abbott & Wiktor Adamowicz & Daniel Willard, 2019. "Decoupling the Value of Leisure Time from Labor Market Returns in Travel Cost Models," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(2), pages 215-242.
    3. Wolff, Hendrik, 2014. "Value of time: Speeding behavior and gasoline prices," Journal of Environmental Economics and Management, Elsevier, vol. 67(1), pages 71-88.
    4. Fezzi, Carlo & Bateman, Ian J. & Ferrini, Silvia, 2014. "Using revealed preferences to estimate the Value of Travel Time to recreation sites," Journal of Environmental Economics and Management, Elsevier, vol. 67(1), pages 58-70.
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