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Health Status and the Allocation of Time

  • Melinda Podor

    ()

    (University of Hawaii, Department of Economics)

  • Timothy Halliday

    ()

    (University of Hawaii, Department of Economics
    Institute for the Study of Labor (IZA))

We consider the relationship between health and time allocation. Better health is associated with more time allocated towards production on the market and at home, but less consumption of leisure. This suggests that health exerts large effects on market productivity, but larger effects on non-market productivity. These responses are higher for single people than for married people, perhaps reflecting a lack of market substitutes for the time of married people.

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File URL: http://www.economics.hawaii.edu/research/workingpapers/WP_10-7R.pdf
File Function: First revised version, 2010
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Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 201007.

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Length: 34 pages
Date of creation: 27 May 2010
Date of revision:
Handle: RePEc:hai:wpaper:201007
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  1. Stephen Wu, 2003. "The Effects of Health Events on the Economic Status of Married Couples," Journal of Human Resources, University of Wisconsin Press, vol. 38(1).
  2. John Bound, 1991. "Self-Reported Versus Objective Measures of Health in Retirement Models," Journal of Human Resources, University of Wisconsin Press, vol. 26(1), pages 106-138.
  3. Michael Baker & Mark Stabile & Catherine Deri, 2004. "What Do Self-Reported, Objective, Measures of Health Measure?," Journal of Human Resources, University of Wisconsin Press, vol. 39(4).
  4. Gronau, Reuben, 1980. "Home Production-A Forgotten Industry," The Review of Economics and Statistics, MIT Press, vol. 62(3), pages 408-16, August.
  5. Behzad T. Diba & Herschel I. Grossman, 1988. "Rational Inflationary Bubbles," NBER Working Papers 2004, National Bureau of Economic Research, Inc.
  6. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
  7. Timothy Halliday, 2007. "Income Volatility and Health," Working Papers 200729, University of Hawaii at Manoa, Department of Economics.
  8. John Rust & Christopher Phelan, 1997. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Econometrica, Econometric Society, vol. 65(4), pages 781-832, July.
  9. Deaton, A.S., 1993. "Data and Econometric Tools for Development Analysis," Papers 172, Princeton, Woodrow Wilson School - Development Studies.
  10. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-55, March-Apr.
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