Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2008:2:
The value of time from subjective data on life satisfaction and job satisfaction: An empirical assessment
Gunnar Isacsson ()
, Anders Karlström ()
and Jan-Erik Swärdh ()
Abstract: This paper compares estimates of the value of commuting
time, working time and household working time from empirical models of
subjective assessments of life satisfaction and job satisfaction,
respectively, to the corresponding estimates obtained from an empirical
search model of the labour market. The results indicate that all three
variables produce rather high estimates of the value of commuting time. The
results regarding the value of working time differ more between the
different outcome variables and it is only significantly different from
zero in the model of life satisfaction. Perhaps less surprisingly, the
estimate of the value of household working time is also only significantly
different from zero in the model of life satisfaction in contrast to the
models of job satisfaction and job durations where it is insignificantly
different from zero. This paper compares estimates of the value of
commuting time, working time and household working time from empirical
models of subjective assessments of life satisfaction and job satisfaction,
respectively, to the corresponding estimates obtained from an empirical
search model of the labour market. The results indicate that all three
variables produce rather high estimates of the value of commuting time. The
results regarding the value of working time differ more between the
different outcome variables and it is only significantly different from
zero in the model of life satisfaction. Perhaps less surprisingly, the
estimate of the value of household working time is also only significantly
different from zero in the model of life satisfaction in contrast to the
models of job satisfaction and job durations where it is insignificantly
different from zero.
Keywords: Life satisfaction; job satisfaction; job search; value of time; (follow links to similar papers)
JEL-Codes: C25; C41; J62; R41; (follow links to similar papers)
25 pages, April 21, 2008
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
VOT_from_SWB_wp.pdf 
Download Statistics
Questions (including download problems) about the papers in this series should be directed to Jan-Eric Swärdh ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom
