An empirical model of a household's choice of activities

Abstract

This paper analyses how households of school-age children choose to participate in the labour force, volunteer work, democratic assemblies, and child-related leisure activities. Contrary to previous studies, the model presented in this paper treats all of these household's choice of activities involving time allocation decisions as simultaneously determined. The empirical section uses qualitative data estimation techniques which permit a wide range of joint and interaction effects among the variables of the model. The results confirm the importance of time-opportunity cost variables as major determinants of household's choice of activities with the mother's education consituting a particularly important factor. and the econometric technique are described. Section 4 shows the empirical results obtained, and concluding remarks of Section 5 terminate the paper.

Volunteers in emergency management: an investment in the future?

“…For example, Stiglitz et al [4], Waring [5], and Soupourmas and Ironmonger [6] concluded that traditional indicators such as GDP are insufficient measures of contemporary economic performance. These traditional indicators do not include values other than market production, such as volunteering, which has its own specific value, as noted by Sues and Wilson [7], Emanuele [8], Steinberg [9], Femida and Narasimhan [10], Brown [11], Ross [12] and Montmarquette and Monty [13]. According to Salamon et al [14], Colman [15], Soupourmas and Ironmonger [6] and Novák [16], the value of volunteerism is measurable and it is advisable to measure it.…”

Valuing Volunteers: An Economic Evaluation of the Net Benefits of Hospital Volunteers

“…We also determine the benefits and costs incurred by volunteers such as out-ofpocket expenses such as travel, child care, and opportunity cost. The opportunity cost of time is important, as volunteers have high levels of education (Montmarquette & Monty, 1987). Last, we discuss the contributions of volunteers and benefits to volunteers that are not easily monetized.…”