02-23-09 - G uest Lecture H Elizabeth Peters Families and...

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Guest Lecture: H. Elizabeth Peters Families and Inequality - Theoretical and conceptual issues o The family both affects and is affected by income and the way income is distributed in society o The family is a social institution that generates, pools, and redistributes income o Also invests in the next generation, which affects intergenerational mobility - Income generation o Household production Broader than income Wealth, access to resources, well-being o Measurement issues How to measure things that aren’t purchased in the market (things that don’t have an overt dollar value) Time, child and dependent care, health, leisure GDP would increase 1/3 to ½ if it was included - Implications for estimates of inequality in well-being/access to resources o Example: 2 worker vs. 1 worker family (holding number of adults and children in the family constant) Revised poverty measure would exclude child care costs and work expenses (ex: commuting costs) from 2 worker families are less likely to be classified as being poor under current poverty definition, but under revised version, they would be more likely Generally less measured inequality using a broader
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This note was uploaded on 11/06/2009 for the course GOVT 2225 taught by Professor Morgan during the Spring '09 term at Cornell.

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02-23-09 - G uest Lecture H Elizabeth Peters Families and...

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