Intra-household Welfare
Author | : Pierre-André Chiappori |
Publisher | : |
Total Pages | : 36 |
Release | : 2014 |
ISBN-10 | : OCLC:881496985 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Intra-household Welfare written by Pierre-André Chiappori and published by . This book was released on 2014 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we develop an approach to measuring inequality and poverty that recognizes the fact that individuals within households may have both different preferences and differential access to resources. We argue that a measure based on estimates of the sharing rule is inadequate as an approach that seeks to understand how welfare is distributed in the population because it ignores public good and the allocation of time to market work, leisure and household production. We develop a money metric measure of welfare that accounts for public goods (by using personalized prices) household production and for the allocation of time.