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The number of working hours a salary earner is willing to reduce for leisure activities

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  • Seung-Hoon Yoo

Abstract

This paper analyses the number of working hours a salary earner is willing to reduce for more time for leisure activities (henceforth, WH) based on data collected from a nationwide survey conducted on 1259 salary earners in Korea. To deal with zero WH responses given by a considerable number of respondents in the survey, the author uses a mixture model of WH distributions. The mean of the WH for the respondents who gave a positive value of WH was estimated as 3.04 hours per week, and that for all the respondents as 0.67 hour per week.

Suggested Citation

  • Seung-Hoon Yoo, 2005. "The number of working hours a salary earner is willing to reduce for leisure activities," Applied Economics Letters, Taylor & Francis Journals, vol. 12(6), pages 365-368.
    • Handle: RePEc:taf:apeclt:v:12:y:2005:i:6:p:365-368
    DOI: 10.1080/1350485042000338680
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    References listed on IDEAS

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    1. Jasiulewicz, Helena, 1997. "Application of mixture models to approximation of age-at-death distribution," Insurance: Mathematics and Economics, Elsevier, vol. 19(3), pages 237-241, May.
    2. Robert W. Fogel, 1999. "Catching Up with the Economy," American Economic Review, American Economic Association, vol. 89(1), pages 1-21, March.
    3. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-719, November.
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    Cited by:

    1. Steven B. Caudill & Daniel M. Gropper & Valentina Hartarska, 2009. "Which Microfinance Institutions Are Becoming More Cost Effective with Time? Evidence from a Mixture Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(4), pages 651-672, June.

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