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Full Description
Beginning in 1965 Nobel Laureate Gary Becker realized that shadow prices, which reflect the value of one's time, may be at least as important as money prices. Implications of his resulting theory of time allocation were not tested until much later when governments began to collect extensive data on how individuals utilized their time.
Time Use in Economics contains original research on new aspects of time use compiled by Daniel S. Hamermesh, a long-time path-breaking labor economist leader in analyzing time use data, and Solomon W. Polachek, a pioneer in gender-related labor market research. Topics include how time is used by type of household, how time is used in particular jobs, how time is used in high versus low growth geographic areas, how time is used after a job loss, how time use affects individual wellbeing, as well as how to interpret the blurred boundaries of time use between leisure and work, a growing issue as more individuals, especially mothers, work from home.
Contents
Chapter 1. Time-Use and Subjective Well-Being: Is Diversity Really The Spice of Life?; Naomi Friedman-Sokuler and Claudia Senik
Chapter 2. Effort at Work and Worker Well-Being; José Ignacio Giménez-Nadal, José Alberto Molina, and Almudena Sevilla
Chapter 3. Changes in Children's Time Use, India 1998-2019; Matthew Gibson, Maulik Jagnani, and Hemant K. Pullabhotla
Chapter 4. Time Use and The Geography of Economic Opportunity; Sulagna Mookerjee, John D. Pedersen, and David Slichter
Chapter 5. The Impact of Job Loss on Parental Time Investment; Anja Gruber
Chapter 6. Parents' Work Hours and Childcare Decisions: Exploiting a Time Windfall; Taehyun Ethan Kim and Dean R. Lillard
Chapter 7. Time Use, Intrahousehold Inequality and Individual Welfare: Revealed Preference Analysis; Ruben Bostyn, Laurens Cherchye, Bram De Rock, and Frederic Vermeulen
Chapter 8. Marriage Versus Cohabitation: How Specialization and Time Use Differ by Relationship Type; Leslie S. Stratton
Chapter 9. Change and Continuity in Americans' Work Day Characteristics, 2019 To 2021; Sarah M. Flood and Katie R. Genadek
Chapter 10. Blurred Boundaries: A Day in The Life of a Teacher; Victoria Hunter Gibney, Kristine L. West, and Seth Gershenson
