Health Status and the Allocation of Time
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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9430, Wisconsin Madison - Social Systems.
- 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.
- John Rust & Christopher Phelan, 1994. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Public Economics 9406005, EconWPA, revised 06 Jul 1994.
- 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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