The Effect of the Value of Time on Food Consumption Patterns in Developing Countries: Evidence from Sri Lanka

Benjamin Senauer · David Ezra Sahn · Harold Alderman

82 citations0/0 files storedAmerican Journal of Agricultural Economics

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Economics of Agriculture and Food Markets Income, Poverty, and Inequality Gender, Labor, and Family Dynamics

Abstract

Abstract This study shows that the opportunity cost of women's time can affect household food consumption patterns in developing countries. Demand equations for rice, bread, and the ratio of bread to total cereal consumption are estimated for urban Sri Lankan households. The demand specification, which is based on the “New Household Economics,” includes as explanatory variables the woman's estimated market wage and the household's “full income,” and alternatively “observed income.” Wages are estimated using the Heckman procedure to correct for sample selection bias.

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References

1965A Theory of the Allocation of Time 1980Economics and Consumer Behavior 1981Nash-Bargained Household Decisions: Toward a Generalization of the Theory of Demand 1976Leisure, Home Production and Work--The Theory of The Allocation of Time Revisited 1983The Mobilization of Women's Labor for Cash Crop Production: A Game Theoretic Approach 1973Opportunity Cost of Time and Other Socioeconomic Effects on Away‐From‐Home Food Consumption 1984Labor force participation and earnings determinants for women in the special conditions of developing countries

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