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An empirical model of a household's choice of activities
Author(s) -
Montmarquette Claude,
Monty Luc
Publication year - 1987
Publication title -
journal of applied econometrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.878
H-Index - 99
eISSN - 1099-1255
pISSN - 0883-7252
DOI - 10.1002/jae.3950020206
Subject(s) - estimation , economics , time allocation , econometrics , work (physics) , democracy , empirical research , opportunity cost , demographic economics , microeconomics , statistics , mathematics , engineering , political science , mechanical engineering , management , politics , law
This paper analyses how households of school‐age children choose to participate in the labour force, volunteer work, democratic assemblies, and child‐related leisure activities. Contrary to previous studies, the model presented in this paper treats all of these household's choice of activities involving time allocation decisions as simultaneously determined. The empirical section uses qualitative data estimation techniques which permit a wide range of joint and interaction effects among the variables of the model. The results confirm the importance of time‐opportunity cost variables as major determinants of household's choice of activities with the mother's education consituting a particularly important factor.