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Author: Pierre-André Chiappori
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 36
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Book Description
In this paper we develop an approach to measuring inequality and poverty that recognizes the fact that individuals within households may have both different preferences and differential access to resources. We argue that a measure based on estimates of the sharing rule is inadequate as an approach that seeks to understand how welfare is distributed in the population because it ignores public good and the allocation of time to market work, leisure and household production. We develop a money metric measure of welfare that accounts for public goods (by using personalized prices) household production and for the allocation of time.
Author: Pierre-André Chiappori
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 36
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Book Description
In this paper we develop an approach to measuring inequality and poverty that recognizes the fact that individuals within households may have both different preferences and differential access to resources. We argue that a measure based on estimates of the sharing rule is inadequate as an approach that seeks to understand how welfare is distributed in the population because it ignores public good and the allocation of time to market work, leisure and household production. We develop a money metric measure of welfare that accounts for public goods (by using personalized prices) household production and for the allocation of time.
Author: S. M. Ravi Kanbur
Publisher: World Bank Publications
ISBN:
Category : Children
Languages : en
Pages : 24
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Book Description
Author: Natalia Radtchenko
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
Author: Lawrence James Haddad
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 25
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Book Description
Author: José Antonio Ocampo
Publisher: Columbia University Press
ISBN: 0231546165
Category : Political Science
Languages : en
Pages : 380
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Book Description
The welfare state has been under attack for decades, but now more than ever there is a need for strong social protection systems—the best tools we have to combat inequality, support social justice, and even improve economic performance. In this book, José Antonio Ocampo and Joseph E. Stiglitz bring together distinguished contributors to examine the global variations of social programs and make the case for a redesigned twenty-first-century welfare state. The Welfare State Revisited takes on major debates about social well-being, considering the merits of universal versus targeted policies; responses to market failures; integrating welfare and economic development; and how welfare states around the world have changed since the neoliberal turn. Contributors offer prescriptions for how to respond to the demands generated by demographic changes, the changing role of the family, new features of labor markets, the challenges of aging societies, and technological change. They consider how strengthening or weakening social protection programs affects inequality, suggesting ways to facilitate the spread of effective welfare states throughout the world, especially in developing countries. Presenting new insights into the functions the welfare state can fulfill and how to design a more efficient and more equitable system, The Welfare State Revisited is essential reading on the most discussed issues in social welfare today.
Author: Lawrence James Haddad
Publisher: World Bank Publications
ISBN:
Category : Agricultural laborers
Languages : en
Pages : 30
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Book Description
Within the framework of intrahousehold bargaining, it is argued that (1) targeting of transfers to disadvantaged members of the household is important, (2) structural adjustment that favors cash crops over food crops may end up worsening intrahousehold inequality, and (3) as households become better- off, intrahousehold inequality may first increase and then decrease (in other words, there may exist a Kuznets curve for intrahousehold inequality).
Author: Nancy McCarthy
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 37
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Book Description
It has long been recognized that household decision-making may not result in outcomes consistent with the unitary household model. Within the collective bargaining framework, consumption decisions would be driven by the spouse with greater bargaining power, while the outcomes would still be Pareto efficient. Within the non-cooperative framework, households would not achieve Pareto efficient outcomes, and under the simplest representation, bargaining power would not affect consumption decisions. This paper develops a model that allows consumption patterns and labor supply to be affected by both bargaining power and non-cooperation. The model highlights the potential gains from improving bargaining power versus increasing cooperation between spouses, and presents conditions under which relatively large gains would be expected from moving to more equitable bargaining power versus achieving intra-household cooperation. The model's predictions are in turn tested using a unique panel data set on married couples in rural Malawi. The analysis shows that, relative to increasing wives' bargaining power, improving cooperation between spouses would exert larger and statistically significant positive impacts on total household income and consumption expenditures per capita, as well as the share of household consumption devoted to public goods. Supported also by cross-country qualitative research, the results suggest that household public goods are relatively important to both women and men in rural Malawi, husbands' capacity to control wives' incomes is relatively limited, and development programs that promote intra-household cooperation could lead to greater gains in income and household public goods provision compared with interventions focusing exclusively on women's empowerment.
Author: Lawrence James Haddad
Publisher: International Food Policy Research Insitute
ISBN:
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
Surveying a broad body of theory and evidence, the contributors examine the many social and cultural factors that influence decisions at the family and household level about the allocation of time, income, assets, and other resources.
Author: Pierre-André Chiappori
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 81
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Book Description
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within household allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on estimates of the sharing rule is is inadequate as an approach that seeks to understand how welfare is distributed in the population because it ignores public goods and the allocation of time to market work, leisure and household production. We discuss a money metric alternative, that fully characterizes the utility level reached by the agent. We then review the current literature on the estimation of the sharing rule based on a number of approaches, including the use of distribution factors as well as preference restrictions.
Author: José Alberto Molina
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 29
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Book Description
This paper analyzes the intra-household distribution of wealth and welfare in the United States, within a theoretical framework based on a collective model of labor supply, where household decisions are Pareto efficient, and spouses negotiate a sharing rule for non-labor income. Using the American Time Use Survey for the years 2003 to 2015, estimates show a positive correlation between individual wages and labor supply, while cross-wages go in the opposite direction. Additionally, we find that wives tend to be more altruistic in comparison to their husbands regarding the intra-household allocation of income, which leads to wealth inequalities. However, the intra-household processes appear to be efficient in terms of welfare, as increases in any source of household income are associated with decreases in intra-household inequality, as measured by the spouses? estimated indirect utility. Our results shed light on the spouses? wealth shares and the sharing rule guiding the individual allocations, which may be important in the design of policies aimed at alleviating poverty.
