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A Simple Identification Strategy for Gary Becker's Time Allocation Model

Laurens CherchyeBram de RockFrederic Vermeulen

出版	KU Leuven, Fac. of Economics and Business, Center for Economic Studies, 2015
URL	http://books.google.com.hk/books?id=SxqyzQEACAAJ&hl=&source=gbs_api

註釋

The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental identification problem. We demonstrate that the identification problem can be solved if production shifters are available.