How much is your time worth?
Christian Krekel and George MacKerron
Wages indicate how much people want for their time at work, but how can we find out what value they place on time spent doing other things? Christian Krekel and George MacKerron analyse over two million responses to a smartphone app that randomly asks people what they?re doing at a particular moment and how they?re feeling about it. These responses enable the monetary value of time for activities ranging from washing up to watching a concert to be estimated.
20 February 2024 Paper Number CEPCP675
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This CentrePiece article is published under the centre's Community Wellbeing programme.