Answers are grounded in this paper and cite their sources.
This paper introduces household labor market choices into the demand for recreation, showing that the opportunity cost of timewage rate connection is severed when several household members have the opportunity to participate in the labor market at fixed wages. An application of recreation demand for households in New Bedford, Massachusetts, shows that the recreation demand models and estimates of consumer surplus are sensitive to household labor market choices.
No takes yet. Share an insight, caveat, or question.
Kenneth E. McConnell (1999) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: