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How Much Is Leisure Worth? Direct Measurement with Contingent Valuation

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  • Douglas Dalenberg
  • John Fitzgerald
  • Eric Schuck
  • John Wicks

Abstract

This paper uses a contingent value survey in a Rocky Mountain city to measure the national income accounting value of leisure activities. Such direct measurement avoids shortcomings of the previously used labor value approach and individually values various types of leisure, e.g., napping and socializing. The results of the study indicate promise for this measurement approach but also raise some issues that require further research. Included are suggestions for overcoming problems discovered with this method and for future research. Copyright Kluwer Academic Publishers 2004

Suggested Citation

  • Douglas Dalenberg & John Fitzgerald & Eric Schuck & John Wicks, 2004. "How Much Is Leisure Worth? Direct Measurement with Contingent Valuation," Review of Economics of the Household, Springer, vol. 2(4), pages 351-365, August.
    • Handle: RePEc:kap:reveho:v:2:y:2004:i:4:p:351-365
    DOI: 10.1007/s11150-004-5652-8
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    References listed on IDEAS

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    1. John Fitzgerald & John Wicks, 1990. "Measuring The Value Of Household Output: A Comparison Of Direct And Indirect Approaches," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 36(2), pages 129-141, June.
    2. repec:bla:revinw:v:39:y:1993:i:4:p:419-33 is not listed on IDEAS
    3. repec:bla:revinw:v:36:y:1990:i:2:p:129-41 is not listed on IDEAS
    4. repec:bla:revinw:v:24:y:1978:i:3:p:243-55 is not listed on IDEAS
    5. Miriam Wasserman, 1999. "Beating the Clock," Regional Review, Federal Reserve Bank of Boston, vol. 9(Q3), pages 8-15.
    6. Martin Murphy, 1978. "The Value O F Nonmarket Household Production: Opportunity Cost Versus Market Cost Estimates," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 24(3), pages 243-255, September.
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    Cited by:

    1. Ahlheim, Michael & Frör, Oliver & Nguyen Minh Duc & Rehl, Antonia & Siepmann, Ute & Pham Van Dinh, 2017. "Labour as a utility measure reconsidered," Hohenheim Discussion Papers in Business, Economics and Social Sciences 03-2017, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    2. Nabanita Datta Gupta & Leslie Stratton, 2010. "Examining the impact of alternative power measures on individual time use in American and Danish couple households," Review of Economics of the Household, Springer, vol. 8(3), pages 325-343, September.
    3. Andronis, Lazaros & Maredza, Mandy & Petrou, Stavros, 2019. "Measuring, valuing and including forgone childhood education and leisure time costs in economic evaluation: Methods, challenges and the way forward," Social Science & Medicine, Elsevier, vol. 237(C), pages 1-1.
    4. C. Barnet-Verzat & A. Pailhé & A. Solaz, 2011. "Spending time together: the impact of children on couples’ leisure synchronization," Review of Economics of the Household, Springer, vol. 9(4), pages 465-486, December.
    5. Mario Cogoy, 2010. "Consumption, time and the environment," Review of Economics of the Household, Springer, vol. 8(4), pages 459-477, December.
    6. Young-Sook Eom & Douglas Larson, 2006. "Valuing housework time from willingness to spend time and money for environmental quality improvements," Review of Economics of the Household, Springer, vol. 4(3), pages 205-227, September.
    7. Ahlheim, Michael & Frör, Oliver & Heinke, Antonia & Duc, Nguyen Minh & Dinh, Pham Van, 2010. "Labour as a utility measure in contingent valuation studies: how good is it really?," FZID Discussion Papers 13-2010, University of Hohenheim, Center for Research on Innovation and Services (FZID).

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    Keywords

    leisure; national income accounting;

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