'Pressed for time'– the differential impacts of a 'time squeeze'

The ‘time squeeze’ is a phrase often used to describe contemporary concerns about a shortage of time and an acceleration of the pace of daily life. This paper reviews analysis of the Health and Lifestyle Survey (HALS), 1985 and 1992, and draws upon in‐depth semi‐structured interviews conducted with twenty British suburban households, in order to shed light on ‘senses’ of time squeeze. 75% of HALS respondents felt at least ‘somewhat’ pressed for time, with variables of occupation, gender, age and consumption significantly increasing senses of being ‘pressed for time’. This is not surprising given theories of the ‘time squeeze’. However, identification of variables only offers insights into isolated causal effects and does little to explain how or why so many respondents reported feeling ‘usually pressed for time’. Using interview data to help interpret the HALS findings, this paper identifies three mechanisms associated with the relationship between practices and time (volume, co‐ordination and allocation), suggesting that ‘harriedness’ represents multiple experiences of time (substantive, temporal dis‐organisation, and temporal density). In conclusion, it is argued that when investigating ‘harriedness’ it is necessary to recognise the different mechanisms that generate multiple experiences of time in order for analysis to move beyond one‐dimensional interpretations of the ‘time squeeze’, and in order to account for the relationship between social practices and their conduct within temporalities (or the rhythms of daily life).     

Parametric discounting

A parametric approach to the problem of selection from amongst alternative investment opportunities is considered in a discounted cash flow framework. The approach employs differential cash flows, an uncertain planning horizon and a nested approach to composing cash flow parameters. This promotes consistent treatment of alternative investments, clarifies the effects of uncertainty, avoids some of the defects of internal rate of return and payback period criteria and allows direct comparison of best and next best options as primal and dual versions of the same model. Net present value, internal rate of return, annual average cost or payback period assessments may be selected post analysis. A domestic wall insulation example is used for illustrative purposes. This example is related to the hydroelectric power development decision which gave rise to the approach.