A relatively strong performance of the North American stock markets during the last two decades, notwithstanding the sharp decline experienced in the year 2000 and beyond, has set the stage for an empirical investigation of the possible effects that stock wealth, among other variables, can have...

We examine a two-constraint Linear Approximate Almost Ideal Demand System with both money and time input in the resource constraints. Using Statistics Canada Food Expenditure Survey (FES) and General Social Survey-time use, a two sample two stage least square (2S2SLS) is applied in the data...