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: Centre d'Economie de la Sorbonne - Paris School of Economics, https://centredeconomiesorbonne.univ-paris1.fr
Noël Thiombiano: Université Ouaga II - Cèdres

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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; Burkina Faso (search for similar items in EconPapers)
JEL-codes: C33 D13 J22 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2017-05
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:17027

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