This paper examines whether and how changes in the price of goods consumed in conjunction with leisure time influence the life-cycle allocation of work effort by part of prime-age males. For the U.S., individual-level data is combined with Metropolitan Area-level price indices of recreation...

We examine whether and how variations in the price of recreation goods influence men’s allocation of market work. For the United States, individual-level data are combined with metropolitan-area-level price indices to estimate the male elasticity of intertemporal substitution of market work...

The bounded character of time-use data poses a challenge to the analysis of variance based on classical linear models. This paper investigates a computationally simple variance decomposition technique suitable for these data. As a by-product of the analysis, a measure of fit for systems of...

The predicted labor supply responses to variations in wages and prices are important for discussions of the economic efficiency of taxes and subsidies, and their extent may be also relevant to the analysis of economic fluctuations. This paper presents new estimates of the wage intertemporal...

The split work shift has been argued as one of the reasons behind the different Spanish time schedule, characterized by reduced sleep and a more difficult work-family balance. This paper presents direct evidence on the effect that being on a split shift has on Spanish workers’ wellbeing and...

The large negative impact of income on time spent online has been attributed to a negative own-price effect created by variation in the opportunity cost of time across internet users. Nonetheless, the coefficient on income could also be capturing a negative income effect: High-income users could...

We analyze empirically the household financial portfolio allocation decision using a variance decomposition technique that takes into account the constrained, non-normal nature of household portfolio allocation observations. We apply the technique to a relatively wide collection of financial...

The empirical classification of leisure activities into luxuries, necessities, or inferior activities is useful for predicting the impact of economic development or life-cycle variations in wages on the organization of people’s leisure. We take a step in that direction. We present theoretical...

Retirement age choice is introduced into a conventional model of residential location to show that the retirement age of workers who do not move after retirement can be influenced by the urban variation of leisure and housing prices. A retirement demand equation that incorporates commuting...

Drawing an analogy with industry concentration, a well-grounded measure of individual concentration (or specialization) of the use of time is presented. Equipped with this measure, we explain and provide evidence of a “division of leisure” effect on the organization of daily leisure...