Indices of Household Welfare and the Value of Leisure Time
利用微观数据构建包含闲暇的福利指数,比较六类夫妻家庭的真实工资、支出和非劳动收入指数,质疑了基于加总数据的以往结论。
Abstract-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. I.