S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Swedish National Road & Transport Research Institute (VTI) 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    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Mats Berggren ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:vtiwps:2008_002 This page was generated on 2014-12-14 19:28:27