Home Production Technology and Time Allocation: Empirics, Theory, and Implications

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Lei Fang

Federal Reserve Bank of Atlanta

Guozhong Zhu

University of Alberta - Alberta School of Business

Date Written: December 2012

Abstract

We document a set of time use patterns in both time series and cross sections. To explain these facts, we propose and estimate a model of time allocation that emphasizes the role of home production technology. We find it necessary to consider both labor-augmenting technology and total factor productivity in home production. Based on the estimated model, we study the effects of proportional tax and lump-sum transfer on time allocation and labor supply, with the roles of home production technology and wage heterogeneity highlighted

Keywords: time allocation, home production, technology

JEL Classification: J22, J24

Suggested Citation

Fang, Lei and Zhu, Guozhong, Home Production Technology and Time Allocation: Empirics, Theory, and Implications (December 2012). FRB Atlanta Working Paper No. 2012-19, Available at SSRN: https://ssrn.com/abstract=2479467 or http://dx.doi.org/10.2139/ssrn.2479467

Lei Fang (Contact Author)

Federal Reserve Bank of Atlanta ( email )

1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States
404-498-8057 (Phone)

Guozhong Zhu

University of Alberta - Alberta School of Business ( email )

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