Goolsbee, Austan; Klenow, Peter J. - 2022
about 0.2% of consumer spending in the U.S., for example, went for Internet accessin 2004 yet time use data indicates that … like the Internet, a simple model in which both expenditure and time contribute to consumption can be used to estimate the … theory predicts that higher wage internet subscribers should spend less time online (for non-work reasons) and the degree to …