The Allocation of Time: Young Versus Elderly Households in Japan / Tadashi Yamada, Tetsuji Yamada.

Format:

Book

Author/Creator:

Yamada, Tadashi.

Contributor:

National Bureau of Economic Research.

Yamada, Tetsuji.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4386.

NBER working paper series no. w4386

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Allocation of Time

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Summary:

Our study shows that the household production theory illuminates the behavior of households in the allocation of time and consumption expenditures. Among the noteworthy findings derived from our data, the various household non-market time allocations (consequently, market labor supply) cannot be separated from consumption expenditures. An increase in market wage rates for both young and elderly households reduces their time spent on household nonmarket activities, such as child care, medical care, and listening to the radio and watching TV. The high opportunity costs of waiting at the hospital clearly discourage working people from visiting the hospital. These results show not a few similarities between the household non-market time allocation in Japan and that to be found in the U.S.

Notes:

Print version record

June 1993.