Indices of Household Welfare and the Value of Leisure Time
Опубликовано на портале: 22-09-2003
Review of Economics and Statistics.
1987.
Vol. Vol. 69.
No. 1. .
P. pp. 83-89.
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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