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Household Time Use Among Older Couples: Evidence and Implications for Labor Supply Parameters

Richard Rogerson, Johanna Wallenius

NBER Working Paper No. 24263
Issued in January 2018
NBER Program(s):Economic Fluctuations and Growth

Using the Consumption Activities Mail Survey (CAMS) module in the HRS we document how time allocations change for individuals within a household when one or more members transitions from full time work to not working. Our basic finding is that the ratio of home production to leisure time is approximately constant for both family members. We then build a model of household labor supply to understand the implications of this finding for preferences and the home production function. We conclude that this fact suggests a relatively large elasticity of substitution between the leisure of the two members. For commonly used preference specifications, this also implies a large (i.e., greater than one) intertemporal elasticity of substitution for leisure.

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Document Object Identifier (DOI): 10.3386/w24263

Published: Richard Rogerson & Johanna Wallenius, 2019. "Household Time Use among Older Couples: Evidence and Implications for Labor Supply Parameters*," The Quarterly Journal of Economics, vol 134(2), pages 1079-1120.

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