Are time and money equally substitutable for all commodity groups in the household’s domestic production?
This article uses time-use and household expenditure data to measure the substitutability between time and money within the Beckerian household production framework. The elasticity of substitution is estimated for five commodity groups and across two developing countries: Ecuador and Guatemala. The...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Springer Link
2019
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| Online Access: | http://hdl.handle.net/20.500.11937/77082 |
| _version_ | 1848763815569653760 |
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| author | Canelas, C. Gardes, F. Merrigan, P. Salazar Cadena, Silvia |
| author_facet | Canelas, C. Gardes, F. Merrigan, P. Salazar Cadena, Silvia |
| author_sort | Canelas, C. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article uses time-use and household expenditure data to measure the substitutability between time and money within the Beckerian household production framework. The elasticity of substitution is estimated for five commodity groups and across two developing countries: Ecuador and Guatemala. The estimated elasticities are positive, indicating substitutability, and much larger for all other goods compared to food. Our results raise some interesting questions regarding the policy effects of an intervention that does not consider the money/time trade-offs in consumption. |
| first_indexed | 2025-11-14T11:09:27Z |
| format | Journal Article |
| id | curtin-20.500.11937-77082 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:09:27Z |
| publishDate | 2019 |
| publisher | Springer Link |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-770822019-12-09T04:03:44Z Are time and money equally substitutable for all commodity groups in the household’s domestic production? Canelas, C. Gardes, F. Merrigan, P. Salazar Cadena, Silvia This article uses time-use and household expenditure data to measure the substitutability between time and money within the Beckerian household production framework. The elasticity of substitution is estimated for five commodity groups and across two developing countries: Ecuador and Guatemala. The estimated elasticities are positive, indicating substitutability, and much larger for all other goods compared to food. Our results raise some interesting questions regarding the policy effects of an intervention that does not consider the money/time trade-offs in consumption. 2019 Journal Article http://hdl.handle.net/20.500.11937/77082 10.1007/s11150-018-9425-1 Springer Link restricted |
| spellingShingle | Canelas, C. Gardes, F. Merrigan, P. Salazar Cadena, Silvia Are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| title | Are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| title_full | Are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| title_fullStr | Are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| title_full_unstemmed | Are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| title_short | Are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| title_sort | are time and money equally substitutable for all commodity groups in the household’s domestic production? |
| url | http://hdl.handle.net/20.500.11937/77082 |