Reference : Non-Market Household Time and the cost of Children
Scientific journals : Article
Business & economic sciences : Quantitative methods in economics & management
Non-Market Household Time and the cost of Children
Koulovatianos, Christos mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Schröder, Carsten [Institut für Volkswirtschaftslehre Christian-Albrechts-Universität Kiel]
Schmidt, Ulrich [Institut für Volkswirtschaftslehre (Department of Economics) Christian-Albrechts-Universität Kiel (University of Kiel)]
Journal of Business and Economic Statistics
American Statistical Association
Yes (verified by ORBilu)
[en] Equivalent income ; Reservation wage ; Survey method
[en] Raising children demands a considerable amount of parental time, obliging working parents either to reduce their leisure time further or to buy childcare services in the market. Parents may face additional opportunity costs upon deciding to participate in the labor market, but these are difficult to measure. Using a survey instrument in Belgium and Germany, we estimate the income compensation needed to maintain family well-being when adults work versus when they do not enter the labor market. In both countries we find that full-time working parents face extra child costs and require higher labor market participation compensation compared with childless adults.

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