Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63033
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBojer, Hildeen_US
dc.date.accessioned2012-09-20T13:13:21Z-
dc.date.available2012-09-20T13:13:21Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/63033-
dc.description.abstractWhen defining and estimating the cost of children and equivalent incomes, children's consumption is normally defined as the household's cash expenditure on consumption goods for children. In fact, a heavy item in the cost of children under school age is time. This paper examines the cost of children and the definition of equivalent incomes in a simple model where income is full income a..l defined by Gary Becker, while time spent caring for children at home is unpaid work. Equivalent full income for a household with pre-school children is defined. It is also shown that, as long as the wage rate is higher than the price of child care, the parents' participation in paid labour will be the same whether the care time is compensated for by free child care or as a lump sum. Both kinds of compensation will increase parents' consumption of leisure. It is therefore argued that, in the absence of reliable data for full income, time studies provide a useful welfare indicator by giving data for leisure. The assumptions of the model are discussed both from the point of view of welfare analysis, and from the point of view of the capability approach to human well-being.en_US
dc.language.isoengen_US
dc.publisher|aDep. of Economics, Univ. of Oslo |cOsloen_US
dc.relation.ispartofseries|aMemorandum, Department of Economics, University of Oslo |x2002,08en_US
dc.subject.jelA13en_US
dc.subject.jelJ13en_US
dc.subject.jelen_US
dc.subject.ddc330en_US
dc.subject.keywordCost of childrenen_US
dc.subject.keywordequivalent incomesen_US
dc.subject.keywordwelfare analysisen_US
dc.subject.keywordcapability approach to human well-beingen_US
dc.subject.stwKinderen_US
dc.subject.stwKostenen_US
dc.subject.stwErwerbstätigkeiten_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwPräferenztheorieen_US
dc.titleThe time cost of children and equivalent full incomesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn347731740en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.