Intra-household Welfare

Pierre Chiappori and Costas Meghir

No 20189, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D1 D11 D13 (search for similar items in EconPapers)
Date: 2014-06
New Economics Papers: this item is included in nep-agr and nep-ltv
Note: CH LS PE
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Citations: View citations in EconPapers (11)

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Working Paper: Intra-household Welfare (2014)
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