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Nonmarket Household Time and the Cost of Children

Christos Koulovatianos (), Carsten Schröder () and Ulrich Schmidt

Discussion Papers from University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM)

Abstract: Raising children demands a considerable amount of parental time, obliging working parents either to further reduce their leisure or to buy child-care services in the market. Parents may face additional opportunity costs upon deciding to participate in the labor market, but these are difficult to measure. Using a survey instrument in Belgium and Germany, we estimate the income compensation needed to maintain family well-being when adults work vs. when they do not enter the labor market. In both countries we find that full-time working parents face extra child costs and require higher labor-market-participation compensation compared to childless adults.

Keywords: equivalent income; household well-being; reservation wage; child costs; parental unemployment trap; survey method. (search for similar items in EconPapers)
Date: 2008-07
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https://www.nottingham.ac.uk/cfcm/documents/papers/08-07.pdf (application/pdf)

Related works:
Journal Article: Nonmarket Household Time and the Cost of Children (2009) Downloads
Working Paper: Nonmarket household time and the cost of children (2009) Downloads
Working Paper: Non-Market Household Time and the cost of Children (2006) Downloads
Working Paper: Non-market household time and the cost of children (2006) Downloads
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