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Home Production, Setup Costs, and Welfare

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  • M. M.C. Burda
  • Daniel S. Hamermesh
  • Philippe Weil

Abstract

This chapter examines how home production is chosen in the household context and explores the welfare implications of home production in the EU and USA. It begins by reviewing and extending the theory of home production. Empirical evidence presented in Chapter 1 showed not only that household work is a significant component of All Work, but also that it varies widely across households and across persons within households. It is shown that there are good theoretical reasons to suspect that the decision to move from no market work to some market work involves the expenditure of time and material resources. This suggests a natural econometric test, namely to see whether the decision to work changes the allocation of time in a smooth fashion or in fact 'disrupts' the allocation of time and material resources to other activities. The chapter concludes with some speculation as to what we can say about these EU-US differences in work and time use.

Suggested Citation

  • M. M.C. Burda & Daniel S. Hamermesh & Philippe Weil, 2008. "Home Production, Setup Costs, and Welfare," ULB Institutional Repository 2013/204640, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/204640
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