The value of time and expenditures of rural households in Burkina Faso: a domestic production framework

François Gardes () and Noël Thiombiano ()
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François Gardes: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Noël Thiombiano: CEDRES - Université de Ouaga II

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Abstract: We use a unique survey of rural households in Burkina Faso which contains both disaggregated household's expenditures and time uses for nine domestic activities. This allows us to estimate the opportunity cost of time using a Beckerian model of domestic production based on a direct utility depending on activities which are home produced with market goods and time. Proxies for full prices of domestic activities allow to recover full income and full price elasticities as well as elasticities with respect to the monetary prices and time use costs. Finally, inequality is found to be smaller when measured by full income compared to inequality of household's monetary incomes.

Keywords: domestic production; full income; full price; opportunity cost of time; price elasticity; production domestique; revenu complet; prix complet; coût d'opportunité du temps; élasticité-prix; Burkina Faso (search for similar items in EconPapers)
Date: 2017-05
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01535172v1
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Citations: View citations in EconPapers (3)

Published in 2017

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