Time Deficits and Hidden Poverty in Korea
Kijong Kim (),
Thomas Masterson () and
Economics One-Pager Archive from Levy Economics Institute
Official poverty lines in Korea and other countries ignore the fact that unpaid household production contributes to the fulfillment of material needs and wants that are essential to attaining a minimum standard of living. By taking household work for granted, these official estimates provide an inaccurate accounting of the breadth and depth of poverty--and can lead policymakers astray.
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