Prowse, Victoria (contributor) - 2004
, not their market wage. The individual�s decision to allocate time to a non
market activity depends on their value of time …
their time allocation decision, however "i is not observed by the econometrician. Furthermore
"i is assumed to independent … variables on the time allocation decision are
limited by the restriction Pmj=1 ij + iq = 1. Therefore, variation in non labour …