Table II.
Human Capital Method Time interval valued, hourly value used |
Correlation with WTP | p* |
---|---|---|
National average wage | ||
Prep to routine time, (mean $743, range $298–$2197) | −0.09 | 0.42 |
Occupied time, (mean $432, range $244–$1643) | 0.06 | 0.56 |
Dedicated time, (mean $81, range $23–$258) | −0.19 | 0.07 |
Hourly income | ||
Prep to routine time, (mean $1147, range $70–$4441) | 0.32 | 0.003 |
Occupied time, (mean $702, range $74–$3598) | 0.42 | <0.001 |
Dedicated time, (mean $122, range $11–$303) | 0.29 | 0.008 |
Spearman’s
Note: Mean WTP from the open-ended question was $263 (median $200, range $0–$2000, n=99 responses). On the payment-scale WTP question, 14% of subjects selected <$50, 20% chose $50–$99, 33% chose $100–$249, 24% chose $250–$499, 6% chose $500–$999, and 4% chose $1000 or more.