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Health status and the allocation of time
Author(s) -
Podor Melinda,
Halliday Timothy J.
Publication year - 2012
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.1725
Subject(s) - consumption (sociology) , production (economics) , time allocation , economics , home health , demographic economics , positive correlation , labour economics , public economics , health care , business , microeconomics , economic growth , medicine , social science , management , sociology
SUMMARY We consider the relationship between health and time allocation in the American Time Use Survey. Better health is associated with large positive effects on home production and larger positive effects on market production, but less consumption of leisure. Theoretically, if market‐ and home‐produced goods are perfect substitutes, the positive correlation between health and home production implies that health exerts larger effects on home than on market efficiency. Notably, these correlations are higher for single people than for married people, perhaps reflecting a lack of market substitutes for the time of married people. Copyright © 2011 John Wiley & Sons, Ltd.