09 - • GDP would increase 1/3 to ½ if it was...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: • GDP would increase 1/3 to ½ if it was included-Implications for estimat es of inequ ality in well-b eing/access to resources o Exa mple: 2 worker vs. 1 worker family (holding nu mb er of adults and children in th e family constant) Revised poverty m e a sure would exclude child care costs and work exp ens es (ex: co m m uting costs) from inco m e 2 worker families are less likely to b e classified as b eing poor und er current poverty d efinition, but und er revised version, th ey would b e more likely Gen erally less m e a sured inequ ality using a broad er d efinition of inco m e...
View Full Document

This note was uploaded on 11/06/2009 for the course GOVT 2225 taught by Professor Morgan during the Spring '09 term at Cornell.

Ask a homework question - tutors are online