Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192259 
Year of Publication: 
2000
Series/Report no.: 
Discussion Papers No. 277
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
The transition from more traditional to modern modes of production has large implications for time allocation, accumulation of social capital, market and non-market production, consumption, as well as for the environmental externalities of production and consumption. In this paper we explicitly take into account the time allocation aspect in the formation of social capital. We analyze how time allocation, accumulation of social capital and production depend on the productivity in the transformation of time to social capital, productivity of social capital in the production of commodities and valuation of social capital. We find that a higher valuation of social capital does not necessarily lead to more leisure or other non-market activities, reduced consumption and potentially improved environment, the relationship is highly sensitive to the assumptions about accumulation of social capital.
Subjects: 
Time allocation
Social capital
Environmental externalities
JEL: 
J22
D62
Document Type: 
Working Paper

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