Intra-household Welfare

Pierre Chiappori and Costas Meghir

No 1949, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

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 (search for similar items in EconPapers)
JEL-codes: D11 D12 D31 D63 H41 J12 J16 J22 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2014-05
New Economics Papers: this item is included in nep-ltv
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Citations: View citations in EconPapers (11)

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Working Paper: Intra-household Welfare (2014)
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