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Indices of Household Welfare and the Value of Leisure Time

Mary F Kokoski

The Review of Economics and Statistics, 1987, vol. 69, issue 1, 83-89

Abstract: Leisure-inclusive welfare indices, such as the real wage index, have been previously in-vestigated only with aggregate data. Using mi-cro data, however, these indices show the ef-fects of increasing labor market employment of househo ld members. Real wage, expenditure, and nonlabor income indices are compared acr oss six types of husband/wife households. These indices are also compared to ad hoc real wage and leisure-exclusive index measures. Doubt is cast on pastresult s based upon aggregate data. Copyright 1987 by MIT Press.

Date: 1987
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The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

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