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Human Capital and the Use of Time

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  • Jones, Frank

Abstract

The key hypothesis of this paper is that time use data bases make possible a broader view of the benefits and costs of human capital than is otherwise possible. This achievement is enabled by a set of integrated information on not only educational attainment but also on time devoted to formal and informal study, to paid and unpaid work of economic value, to work of civic value, to leisure activities, and to the educating of children by parents. It is argued that such information is central to human capital theory, though much of it, especially on the leisure costs of investment in human capital, has been hitherto ignored. This new information is important because it can be used to inform the debate over the key issues in this field -- for example, the value of increased public support to formal education -- by measuring previously overlooked aspects of the benefits and costs of investment in human capital.

Suggested Citation

  • Jones, Frank, 1995. "Human Capital and the Use of Time," Analytical Studies Branch Research Paper Series 1995079e, Statistics Canada, Analytical Studies Branch.
    • Handle: RePEc:stc:stcp3e:1995079e
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    File URL: https://www150.statcan.gc.ca/n1/en/catalogue/11F0019M1995079
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    References listed on IDEAS

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    1. Psacharopoulos, George (ed.), 1987. "Economics of Education," Elsevier Monographs, Elsevier, edition 1, number 9780080333793.
    2. Psacharopoulos, George, 1996. "Economics of education: A research agenda," Economics of Education Review, Elsevier, vol. 15(4), pages 339-344, October.
    3. Miles, Ian, 1987. "Time, goods and well-being : F. Thomas Juster and Frank P. Stafford (eds.), the institute for social research, University of Michigan, Ann Arbor, MI, 1985. pp. xii + 542," Journal of Economic Psychology, Elsevier, vol. 8(1), pages 119-122, March.
    4. C. Russell Hill & Frank P. Stafford, 1980. "Parental Care of Children: Time Diary Estimates of Quantity, Predictability, and Variety," Journal of Human Resources, University of Wisconsin Press, vol. 15(2), pages 219-239.
    5. Robert H. Haveman & Barbara L. Wolfe, 1984. "Schooling and Economic Well-Being: The Role of Nonmarket Effects," Journal of Human Resources, University of Wisconsin Press, vol. 19(3), pages 377-407.
    6. Edward T. Gullason, 1989. "The Consumption Value of Schooling: An Empirical Estimate of One Aspect," Journal of Human Resources, University of Wisconsin Press, vol. 24(2), pages 287-298.
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    Cited by:

    1. Vinodrai, Tara, 2001. "A Tale of Three Cities: The Dynamics of Manufacturing in Toronto, Montreal, and Vancouver, 1976-1997," Analytical Studies Branch Research Paper Series 2001177e, Statistics Canada, Analytical Studies Branch.
    2. Cameron Morgan & Cam Donaldson & Emily Lancsar & Stavros Petrou & Lazaros Andronis, 2024. "Considerations Around the Inclusion of Children and Young People’s Time in Economic Evaluation: Findings from an International Delphi Study," PharmacoEconomics, Springer, vol. 42(11), pages 1267-1277, November.
    3. Brown, W. Mark & Vinodrai, Tara & Baldwin, John R., 2001. "Dynamics of the Canadian Manufacturing Sector in Metropolitan and Rural Regions," Analytical Studies Branch Research Paper Series 2001169e, Statistics Canada, Analytical Studies Branch.

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