Open AccessIndices of Household Welfare and the Value of Leisure Time
Author(s) -
Mary F. Kokoski
Publication year - 1987
Publication title -
the review of economics and statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 8.999
H-Index - 165
eISSN - 1530-9142
pISSN - 0034-6535
DOI - 10.2307/1937904
Subject(s) - welfare , value (mathematics) , economics , leisure time , labour economics , econometrics , statistics , mathematics , market economy , medicine , physical activity , physical medicine and rehabilitation
Leisure-inclusive welfare indices, such as the real wage index, have been previously investigated only with aggregate data. Using micro data, however, these indices show the effects of increasing labor market employment of household members. Real wage, expenditure, and nonlabor income indices are compared across six types of husband/wife households. These indices are also compared to ad hoc real wage and leisure-exclusive index measures. Doubt is cast on past results based upon aggregate data.
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