Household Production and Public Goods

Reuben Gronau

doi:10.1057/978-1-349-95189-5_2203

Household Production and Public Goods

Reuben Gronau

Department of Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Home production constitutes even in modern economies about one-third of GNP. The article discusses Becker’s theory of home production and its critiques. It develops a general model where welfare is a function of market and home goods, market work, work-at-home and leisure, focusing on problems of its identification arising from the fact that home output is not traded in the market. These problems are aggravated in the multi-person household framework, since intra-household allocation is unobserved. These difficulties have serious ramifications for the measurement of adult equivalent scales, productivity at home and home output.

Original language	English
Title of host publication	The New Palgrave Dictionary of Economics, Third Edition
Publisher	Palgrave Macmillan
Pages	5956-5961
Number of pages	6
ISBN (Electronic)	9781349951895
ISBN (Print)	9781349951888
DOIs	https://doi.org/10.1057/978-1-349-95189-5_2203
State	Published - 1 Jan 2018

Bibliographical note

Publisher Copyright:
© The Editor(s) (if applicable) and The Author(s) 2018.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Barten method
Barten, A.
Becker’s household production model
Children
Equivalence scales
Family
Fertility
Home goods vs. market goods
Household production and public goods
Intra-household distribution
Kuznets, S.
Leisure
Marginal productivity
Psychic income
Real business cycles
Schooling
Shadow prices
Time use
Value of time
Women’s work and wages

Access to Document

10.1057/978-1-349-95189-5_2203

Cite this

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KW - Value of time

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Household Production and Public Goods

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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