TY  - JOUR
AU  - Gronau,Reuben
AU  - Hamermesh,Daniel S.
TI  - Time Vs. Goods: The Value of Measuring Household Production Technologies
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9650
PY  - 2003
Y2  - April 2003
UR  - http://www.nber.org/papers/w9650
L1  - http://www.nber.org/papers/w9650.pdf
N1  - Author contact info:
Reuben Gronau
Department of Economics
Hebrew University
Mount Scopus, Jerusalem  91905
ISRAEL
Tel: 972-2-588-3145
Fax: 972-2-5816071
E-Mail: msreuben@olive.mscc.huji.ac.il

Daniel S. Hamermesh
Department of Economics
University of Texas
Austin, TX 78712-1173
Tel: 512/475-8526
Fax: 512/471-3510
E-Mail: hamermes@eco.utexas.edu
AB  - We take U.S. and Israeli household data on expenditures of time and goods, generate an exhaustive set of commodities that households produce/consume using them, and calculate their relative goods intensities. Leisure activities are uniformly relatively time intensive, health, travel and lodging relatively goods intensive. We demonstrate how education and age alter the goods intensity of household production. The results of this accounting can be used as guides to: Understanding how goods and income taxation interact to affect welfare; expanding notions of the determinants of international flows of goods; generating models of business cycles and endogenous growth to include interactions of goods and time consumption; and obtaining better measures of the distribution of well being.
ER  -