Author : Pierre-André Chiappori
Release : 2014
Genre : Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Intra-household Welfare by : Pierre-André Chiappori
Download or read book Intra-household Welfare written by Pierre-André Chiappori. This book was released on 2014. 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.