Time Use in Economics

Beginning in 1965 Nobel Laureate Gary Becker realized that shadow prices, which reflect the value of one's time, may be at least as important as money prices. Implications of his resulting theory of time allocation were not tested until much later when governments began to collect extensive data on how individuals utilized their time.

Time Use in Economics contains original research on new aspects of time use compiled by Daniel S. Hamermesh, a long-time path-breaking labor economist leader in analyzing time use data, and Solomon W. Polachek, a pioneer in gender-related labor market research. Topics include how time is used by type of household, how time is used in particular jobs, how time is used in high versus low growth geographic areas, how time is used after a job loss, how time use affects individual wellbeing, as well as how to interpret the blurred boundaries of time use between leisure and work, a growing issue as more individuals, especially mothers, work from home.

Author: Daniel S. Hamermesh
Publisher: Emerald Publishing Limited
Published: 12/14/2023
Pages: 296
Binding Type: Hardcover
Weight: 1.24lbs
Size: 9.00h x 6.00w x 0.69d
ISBN: 9781837536054

About the Author

Daniel S. Hamermesh, University of Texas at Austin, NBER, and IZA

Solomon W. Polachek, State University of New York at Binghamton and IZA.