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Introducing relations between activities and goods consumption in microeconomic time use models

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  • Jara-Díaz, Sergio R.
  • Astroza, Sebastian
  • Bhat, Chandra R.
  • Castro, Marisol

Abstract

We present a microeconomic model for time use and consumption for workers with an improved treatment of the (technical) relations between goods and time. In addition to the traditional time and income constraints, an improved set of restrictions involving explicit relations between consumption of goods and time assigned to activities is included in two versions. In each version, a system of equations involving a subset of the consumer's decision variables is obtained, including (1) work time, (2) activities that are assigned more time than the minimum, and (3) goods that are consumed above the minimum. The system cannot be solved explicitly in the endogenous decision variables but is used to set a stochastic system for econometric estimation through maximum likelihood. The models are applied to analyze weekly time use and consumption data from Netherlands for year 2012. The results obtained by this new ``goods and time'' framework are compared with previous research in terms of the value of leisure and the value of work, showing substantial differences in the valuation of time.

Suggested Citation

  • Jara-Díaz, Sergio R. & Astroza, Sebastian & Bhat, Chandra R. & Castro, Marisol, 2016. "Introducing relations between activities and goods consumption in microeconomic time use models," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 162-180.
    • Handle: RePEc:eee:transb:v:93:y:2016:i:pa:p:162-180
    DOI: 10.1016/j.trb.2016.07.014
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    Cited by:

    1. Astroza, Sebastian & Bhat, Prerna C. & Bhat, Chandra R. & Pendyala, Ram M. & Garikapati, Venu M., 2018. "Understanding activity engagement across weekdays and weekend days: A multivariate multiple discrete-continuous modeling approach," Journal of choice modelling, Elsevier, vol. 28(C), pages 56-70.
    2. Pellegrini, Andrea & Pinjari, Abdul Rawoof & Maggi, Rico, 2021. "A multiple discrete continuous model of time use that accommodates non-additively separable utility functions along with time and monetary budget constraints," Transportation Research Part A: Policy and Practice, Elsevier, vol. 144(C), pages 37-53.
    3. Jara-Díaz, Sergio R. & Rosales-Salas, Jorge, 2020. "Time use: The role of sleep," Transportation Research Part A: Policy and Practice, Elsevier, vol. 136(C), pages 1-20.
    4. Jara-Díaz, Sergio & Candia, Diego, 2020. "A new look at the value of leisure in two-worker households," Economics of Transportation, Elsevier, vol. 24(C).
    5. Reinhard Hössinger & Florian Aschauer & Sergio Jara-Díaz & Simona Jokubauskaite & Basil Schmid & Stefanie Peer & Kay W. Axhausen & Regine Gerike, 2020. "A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments," Transportation, Springer, vol. 47(3), pages 1439-1475, June.
    6. Rosales-Salas, Jorge & Jara-Díaz, Sergio R., 2017. "A time allocation model considering external providers," Transportation Research Part B: Methodological, Elsevier, vol. 100(C), pages 175-195.
    7. Astroza, Sebastian & Pinjari, Abdul & Bhat, Chandra & Jara-Diaz, Sergio, 2017. "A Microeconomic Theory–Based Latent Class Multiple Discrete–Continuous Choice Model of Time Use and Goods Consumption," MPRA Paper 92574, University Library of Munich, Germany.
    8. Simona Jokubauskaitė & Reinhard Hössinger & Sergio Jara-Díaz & Stefanie Peer & Alyssa Schneebaum & Basil Schmid & Florian Aschauer & Regine Gerike & Kay W. Axhausen & Friedrich Leisch, 2022. "The role of unpaid domestic work in explaining the gender gap in the (monetary) value of leisure," Transportation, Springer, vol. 49(6), pages 1599-1625, December.
    9. Jokubauskaitė, Simona & Hössinger, Reinhard & Aschauer, Florian & Gerike, Regine & Jara-Díaz, Sergio & Peer, Stefanie & Schmid, Basil & Axhausen, Kay W. & Leisch, Friedrich, 2019. "Advanced continuous-discrete model for joint time-use expenditure and mode choice estimation," Transportation Research Part B: Methodological, Elsevier, vol. 129(C), pages 397-421.

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