Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228253
Authors: 
Fang, Lei
Hannusch, Anne
Silos, Pedro
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 2020-1
Abstract: 
We document the large dispersion in hours worked in the cross-section. We account for this fact using a model in which households combine market inputs and time to produce a set of nonmarket activities. To estimate the model, we create a novel data set that pairs market expenditures and time use at the activity level using data from the Consumer Expenditure Survey and the American Time Use Survey, respectively. The estimated model can account for a large fraction of the dispersion of hours worked in the data. The substitutability between market inputs and time within an activity and across a sizable number of activities is key to our results. We show that models that lack these features can only generate one third of the observed hours dispersion.
Subjects: 
time allocation
consumption expenditures
hours dispersion
elasticity of substitution
JEL: 
J22
E21
D11
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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