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Time And The Cost Of Children

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  • Bruce Bradbury

Abstract

This paper uses the "adult goods" method to estimate the full costs of children. Full costs include both expenditure and time costs. Adult personal time (comprising pure leisure, sleep and other personal care) is used as the adult good. Previous research has shown that the presence of children in the household leads to a reduction in adult personal time. This paper develops a simple economic model of the household to show how this information can be used to develop an equivalence scale for adult consumption that takes account of both the expenditure and time costs of children. Preliminary estimates using Australian data suggest a very large cost-much higher than that typically assumed for expenditure costs. The full cost of children declines with age, despite the expenditure cost rising. The paper discusses the limitations of the adult good method and the assumptions needed to draw welfare conclusions from these and other estimates of child costs. Copyright 2008 The Author. Journal compilation 2008 International Association for Research in Income and Wealth Published.

Suggested Citation

  • Bruce Bradbury, 2008. "Time And The Cost Of Children," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(3), pages 305-323, September.
  • Handle: RePEc:bla:revinw:v:54:y:2008:i:3:p:305-323
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    Cited by:

    1. repec:kap:reveho:v:16:y:2018:i:2:d:10.1007_s11150-016-9336-y is not listed on IDEAS
    2. Garcia-Diaz Rocio, 2012. "Demand-Based Cost-of-Children Estimates and Child Poverty," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-32, January.
    3. Olivier Thévenon & Angela Luci, 2012. "Reconciling Work, Family and Child Outcomes: What Implications for Family Support Policies?," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 31(6), pages 855-882, December.
    4. Marco Breschi & Alessio Fornasin & Matteo Manfredini, 2013. "Patterns of reproductive behavior in transitional Italy," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 29(44), pages 1227-1260, December.
    5. Mardi Dungey & Vitali Alexeev & Jing Tian & Alfred Michael Dockery & Sherry Bawa, 2015. "The Impact of Children on Australian Couples’ Wealth Accumulation," The Economic Record, The Economic Society of Australia, vol. 91, pages 139-150, June.
    6. Bruce Bradbury, 2014. "Pensions for Singles and Couples," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(3), pages 480-498, September.
    7. Hielke Buddelmeyer & Daniel S. Hamermesh & Mark Wooden, 2015. "The Stress Cost of Children," Melbourne Institute Working Paper Series wp2015n01, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    8. Koulovatianos, Christos & Schrder, Carsten & Schmidt, Ulrich, 2009. "Nonmarket Household Time and the Cost of Children," Journal of Business & Economic Statistics, American Statistical Association, vol. 27, pages 42-51.
    9. Antonella Caiumi & Federico Perali, 2015. "Who bears the full cost of children? Evidence from a collective demand system," Empirical Economics, Springer, vol. 49(1), pages 33-64, August.
    10. Misikhina, Svetlana, "undated". "Impact of Social Policy on the Welfare of Children in OECD Countries and Russia," Published Papers nvg138, Russian Presidential Academy of National Economy and Public Administration.
    11. repec:kap:reveho:v:16:y:2018:i:2:d:10.1007_s11150-017-9387-8 is not listed on IDEAS
    12. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2013. "The Paradox of Children and Life Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(3), pages 725-751, May.

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