| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29752 |
| 来源ID | Working Paper 29752 |
| Valuing the Time of the Self-Employed | |
| Daniel J. Agness; Travis Baseler; Sylvain Chassang; Pascaline Dupas; Erik Snowberg | |
| 发表日期 | 2022-02-14 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | People’s value for their own time is a key input in evaluating public policies: evaluations should account for time taken away from work or leisure as a result of policy. Using rich choice data collected from farming households in western Kenya, we show that households exhibit non-transitive preferences consistent with behavioral features such as loss aversion and self-serving bias. As a result, neither market wages nor standard valuation techniques (such as the Becker-DeGroot-Marschak—BDM—mechanism of Becker et al., 1964) correctly measure participants’ value of time. Using a structural model, we identify the mix of behavioral features driving our choice data. We find that these features distort choices when exchanging cash either for time or for goods. Our model estimates suggest that valuing the time of the self-employed at 60% of the market wage is a reasonable rule of thumb. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Behavioral Economics ; Welfare and Collective Choice ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Development ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w29752 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587426 |
| 推荐引用方式 GB/T 7714 | Daniel J. Agness,Travis Baseler,Sylvain Chassang,et al. Valuing the Time of the Self-Employed. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29752.pdf（968KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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