Time as an Ingredient in Meal Production and Consumption
Economic factors such as wages may have different influences on meal production and consumption times. Previous research has typically investigated only production or consumption time, and has produced mixed results. After developing a stylized model that illustrates how higher wages may reduce meal production time but have ambiguous effects on meal consumption time, I examine these relationships using time diary information from the ATUS supplemented with wage information from the CPS. Using standard and censored regression models, I find that for meal production time, women experience a negative effect from wages on weekdays, as expected, and no effect on weekends. However, men show no weekday effect and a surprising positive effect of wages on weekends, suggesting that men with a high value of weekday time may substitute weekend meal production time for weekday time. Higher wages are associated with more meal consumption time for both men and women on weekdays and weekends, indicating that consumption time is a normal good.
|Date of creation:||02 Aug 2011|
|Date of revision:|
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- Stewart, Jay, 2013.
"Tobit or not Tobit?,"
Journal of Economic and Social Measurement,
IOS Press, issue 3, pages 263-290.
- Mark Aguiar & Erik Hurst, 2005. "Consumption versus Expenditure," Journal of Political Economy, University of Chicago Press, vol. 113(5), pages 919-948, October.
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