Searching for the Opportunity Cost of an Individual's Time
质疑传统假设中工资率等于时间价值的观点，分析为何二者关系不成立，并为研究者提供在关系失效时如何估算时间价值的建议。
Abstract. A traditional assumption made in the literature is that the value of an individual's time spent in any activity is equal to his or her wage rate. This result stems from the derivation of the value of leisure time in the context of the standard labor supply model. This paper presents some reasons why the relationship between the wage rate and the value of time does not hold. Suggestions for what to do when the relationship breaks down and the investigator needs some value to impute to the individual are given in the final section of the paper.