nep-spo 2004-12-12 papers

on Sports and Economics

Issue of 2004‒12‒12
one paper chosen by
João Carlos Correia Leitão
Universidade da Beira Interior, Portugal

Estimating Time Demand Elasticities Under Rationing By Victoria Prowse

Estimating Time Demand Elasticities Under Rationing

By:	Victoria Prowse (Nuffield College, Oxford University, UK)
Abstract:	A multivariate extension of the standard labour supply model in presented. In the multivariate time allocation model leisure is disaggregated into a number of non market activities including sports, volunteer work and home production. Using data from the 2000 UK Time Use Survey, a linear expenditure system is estimated, allowing corner solutions in the time allocated to market work and non market activities. The effects of children, age, gender and education are largely as expected. The unusually high wage elasticities are attributed to a combination of the functional form of the linear expenditure and the treatment of the zero observations.
Keywords:	Time use, Labour supply, Corner solutions, Simulation inference
JEL:	C15 C34 J22
Date:	2004–10–14
URL:	http://d.repec.org/n?u=RePEc:nuf:econwp:0422&r=spo

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