2006
DOI: 10.1007/s11150-006-0008-1
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Valuing housework time from willingness to spend time and money for environmental quality improvements

Abstract: We develop a new approach to assessing the value of home production time based on willingness to spend time and money to obtain environmental improvements. When peoples’ choice is constrained by time as well as money, measures of willingness to pay can be defined with respect to either numeraire. In a model that explicitly allows for multiple shadow values of time, we show that the willingness to pay time and money measures are linked through the value of saving time. With survey information on peoples’ willin… Show more

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Cited by 35 publications
(46 citation statements)
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References 24 publications
(22 reference statements)
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“…The compensating variation measure of welfare can be illustrated for WTP and WTW using the indirect utility function, as shown by Vondolia et al (2014) and Eom and Larson (2006).…”
Section: Empirical Analysis and Resultsmentioning
confidence: 99%
See 1 more Smart Citation
“…The compensating variation measure of welfare can be illustrated for WTP and WTW using the indirect utility function, as shown by Vondolia et al (2014) and Eom and Larson (2006).…”
Section: Empirical Analysis and Resultsmentioning
confidence: 99%
“…In the WTP statement the full income is presented in money units whereas in the WTW statement full income is represented in labour units. See Eom and Larson (2006) for further discussion and details.…”
Section: Empirical Analysis and Resultsmentioning
confidence: 99%
“…In this paper, although we show the WTP in labor terms, here in the methods, the results show WTP in labor terms as a volunteer. The theoretical framework of using time as a payment vehicle for CV studies is based on the notion of a timecompensating surplus, which is analogous to a compensating surplus measure of monetary WTP [16]. Based on this framework, welfare estimates for keeping the current level of GIAHS quality can be expressed as…”
Section: Methodsmentioning
confidence: 99%
“…As an alternative measure in CV, therefore, non-monetary payment in the form of labor contribution is widely used in developing countries (e.g., [23][24][25][26]). As a payment vehicle for CV studies, the theoretical framework of using time is used based on the concept of a time compensating surplus comparable with a compensating surplus measure of monetary WTP [26,27]. Based on this framework, we can express the welfare estimates of restoring mangroves in following:…”
Section: Data Collection and Survey Structurementioning
confidence: 99%