Travail de recherche/Working paper
| Résumé : | The implementation of Gary Beckers (1965) time allocation model is ham-pered by the fact that values of the di¤erent time uses are usually not observed.In practice, one often assumes that the value of time is uniform across time usesby using market wages. This approach implies a fundamental identification prob-lem. We demonstrate that the identification problem can be solved if productionshifters are available. |
