A Restatement of Equivalence Scales Using Time and Monetary Expenditures Combined with Individual Prices
| Autor: | Christophe Starzec, François Gardes |
|---|---|
| Přispěvatelé: | Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), This research was partially funded by ANR program MALDI., ANR-06-BLAN-0140,MALDI,Méthodes d'analyse longitudinale (enquêtes, panels, pseudo-panels) appliquées à la consommation et aux études d'opinion auprès des ménages.(2006) |
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
equivalence scale inequality Inequality media_common.quotation_subject Time allocation Microeconomics Economic inequality 0502 economics and business Full cost Economics 050207 economics Equivalence (measure theory) JEL: D - Microeconomics/D.D1 - Household Behavior and Family Economics 050205 econometrics media_common Domestic production cost of children time allocation 05 social sciences JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J22 - Time Allocation and Labor Supply 1. No poverty Estimator [SHS.ECO]Humanities and Social Sciences/Economics and Finance domestic production JEL: D - Microeconomics/D.D1 - Household Behavior and Family Economics/D.D1.D13 - Household Production and Intrahousehold Allocation 8. Economic growth |
| Zdroj: | Review of Income and Wealth Review of Income and Wealth, Wiley, 2018, 64 (4), pp.961-979. ⟨10.1111/roiw.12302⟩ |
| ISSN: | 0034-6586 1475-4991 |
| DOI: | 10.1111/roiw.12302 |
| Popis: | International audience; In the classic equivalence scale estimations based on micro-econometric analysis, only the costs of market consumption are taken into account. We define the concept of full cost equivalence scales as integrating both monetary and the time use costs and measure it on matched French family budget and time use surveys. These data allow us to define full prices and to estimate equivalence scales conditional to possible substitution through prices. The results show higher full scales than the monetary for the preferred Independent of a Base specification. Relative to the cost of the second adult, the full child cost is also larger than the monetary for matching estimators and the Prais-Houthakker model. It shows households' capacity to substitute domestic production to market activities. In consequence the measures of income inequality diminish considerably using full income and full equivalence scales. |
| Databáze: | OpenAIRE |
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