CFDP 1949

Intra-household Welfare

Author(s): 

Publication Date: May 2014

Pages: 35pp, abstract

Abstract: 

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.

Keywords: 

Family economics, Collective models, Labor supply, Income distribution, Home production

JEL Classification Codes:  D11, D12, D31, D63, H41, J12, J16, J22