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Revisiting the cost of children : theory and evidence from Ireland
Author(s)
Date Issued
2009-01-13
Date Available
2010-05-24T16:08:52Z
Abstract
In this paper, we suggest a collective model with parents and (young)
children. We identify and estimate scale economies in households and the
sharing rule between husband, wife and children. While adult shares and
economies of scale are identiÂ…ed thanks to the estimation of individual Engel
curves on single individuals, the identiÂ…cation of the resource share accruing
to children (the cost of children) requires the observation of adult-speciÂ…c
goods as in the traditional Rothbarth method. The useful aspect of the
present approach is that it requires only the estimation of Engel curves on
cross-sectional data, i.e. price variation is not required. This is an advan-
tage for many countries where price variations is indeed limited, as in our
application on Irish data.
Sponsorship
Not applicable
Type of Material
Conference Publication
Publisher
Irish Economic Association
Classification
D11
D12
C30
D36
I31
J12
Subject – LCSH
Home economics--Accounting
Child rearing--Economic aspects--Ireland
Consumption (Economics)
Language
English
Status of Item
Not peer reviewed
Conference Details
Twenty-third Annual Conference of the Irish Economic Association, Blarney, Co. Cork, 24-26 April 2009
This item is made available under a Creative Commons License
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