Intrahousehold Welfare: Theory and Application to Japanese Data

Chiappori, Pierre-André, Costas Meghir and Yoko Okuyama

No 19194, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: In this paper we develop a novel approach to measuring individual welfare within households, recognizing that individuals may have both different preferences (particularly regarding public consumption) and differential access to resources. We construct a money metric measure of welfare that accounts for public goods (by using personalized prices) and the allocation of time. We then use our conceptual framework to analyse intrahousehold inequality in Japan, allowing for the presence of two public goods: expenditures on children and other public goods including housing. We show empirically that women have much stronger preferences for both public goods and this has critical implications for the distribution of welfare in the household.

JEL-codes: H31 H42 J12 J16 (search for similar items in EconPapers)
Date: 2024-07
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