TY - JOUR

T1 - Time poverty and price dispersion: Do time poor individuals pay more?

AU - Rathjen, Tim

PY - 2015/3

Y1 - 2015/3

N2 - Although detailed analyses are available, little is said about the consequences of time poverty. A possible new implication is analysed within this article: The author tests whether time poor individuals compare less between prices, therefore do not identify ‘bargains’ or ‘rip-offs’ and pay in average more for identical products and services. Using data drawn from the German Time Use Survey 2001/02 and the German Sample Survey of Income and Expenditure 2003, instrumental variables estimations are arranged to account for an expected bias in ordinary least squares estimations and to catch the causal effect of time poverty on the paid prices per good.

AB - Although detailed analyses are available, little is said about the consequences of time poverty. A possible new implication is analysed within this article: The author tests whether time poor individuals compare less between prices, therefore do not identify ‘bargains’ or ‘rip-offs’ and pay in average more for identical products and services. Using data drawn from the German Time Use Survey 2001/02 and the German Sample Survey of Income and Expenditure 2003, instrumental variables estimations are arranged to account for an expected bias in ordinary least squares estimations and to catch the causal effect of time poverty on the paid prices per good.

KW - Economics

KW - time use

KW - Well-being

KW - price dispersion

KW - price search

KW - Economics, empirical/statistics

KW - time poverty

KW - time use and well-being

KW - price dispersion

KW - prive search

KW - asymmetric information

KW - Gender and Diversity

UR - http://www.scopus.com/inward/record.url?scp=84924871960&partnerID=8YFLogxK

U2 - 10.1177/0961463X14533281

DO - 10.1177/0961463X14533281

M3 - Journal articles

VL - 24

SP - 27

EP - 53

JO - Time and Society

JF - Time and Society

SN - 0961-463X

IS - 1

ER -