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Abstract
The objective of this study is to estimate the opportunity cost of time spent on household work and expenditure saving market work performed by individuals by taking into account their personal and socio-demographic characteristics. Data is gathered from Labour Force Survey of Pakistan for different years. Pseudo panel technique is used by making cohorts of household and expenditure saving market activities, region and province. Increase in the opportunity cost of time increases female household work hours and expenditure saving market hours by 6.2 and 7.001 hours/week respectively, whereas increase in the opportunity cost of time increases male household hours and expenditure saving market hours by 5.81and 6.49 hours/week. It is recommended from this study that successful policy will improve human welfare of unpaid contributing family workers and individuals involved in household work. They will get benefit from such policies and the desired results without any unforeseen negative side effects will be achieved on other groups.
Keywords
Household Work, Expenditure Saving Work, Economic Value, Economics of Gender and Pseudo Panel
DOI
https://doi.org/10.54784/1990-6587.1499
Journal of Economic Literature Subject Codes
D13, J46, P24, J16, C33
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Recommended Citation
Nasir, H., Fatima, A., & Zahid, G. (2023). Time allocation pattern for household and expenditure saving market activities by using economic value of time: A gender-based analysis in Pakistan. Business Review, 18(1), 24-47. Retrieved from https://doi.org/10.54784/1990-6587.1499
Published Online
June 26, 2023
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