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Estimating Time Demand Elasticities Under Rationing

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Listed author(s):
  • Victoria Prowse

    ()

    (Nuffield College, Oxford University, UK)

Abstract

A multivariate extension of the standard labour supply model in presented. In the multivariate time allocation model leisure is disaggregated into a number of non market activities including sports, volunteer work and home production. Using data from the 2000 UK Time Use Survey, a linear expenditure system is estimated, allowing corner solutions in the time allocated to market work and non market activities. The effects of children, age, gender and education are largely as expected. The unusually high wage elasticities are attributed to a combination of the functional form of the linear expenditure and the treatment of the zero observations.

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File URL: http://www.nuff.ox.ac.uk/economics/papers/2004/w22/vp_14_10_04.pdf
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Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 2004-W22.

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Length: 35 pages
Date of creation: 14 Oct 2004
Handle: RePEc:nuf:econwp:0422
Contact details of provider: Web page: https://www.nuffield.ox.ac.uk/economics/

Keywords: Time use; Labour supply; Corner solutions; Simulation inference;

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Find related papers by JEL classification:
  • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
  • C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models; Switching Regression Models
  • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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Cited by:

  1. Kimmel, Jean & Connelly, Rachel, 2006. "Is Mothers' Time With Their Children Home Production or Leisure?," IZA Discussion Papers 2058, Institute for the Study of Labor (IZA).

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