The Price, Cost, Consumption and Value of Children Bradbury, Bruce en_US 2021-11-25T12:35:09Z 2021-11-25T12:35:09Z 2004 en_US
dc.description.abstract Though they are related, the price, cost, consumption and value of children are not the same. This paper explores two aspects of the relationship between these concepts. Even if we restrict attention to the domain of commodity consumption, the cost of children is not the same as children’s consumption. In this context, the cost of children to their parents is often described with a consumer equivalence scale. It is shown here that, under reasonable assumptions, children’s consumption of market goods is less than the ‘equivalent income’ of the household, but more than the ‘cost of children’. Expenditure costs, however, are only part of the cost of children. This paper uses a variant of the 'adult goods' method to estimate the full costs of children, including both expenditure and time costs. Adult personal time (comprising pure leisure, sleep and other personal care) is used as the adult good. Preliminary estimates using Australian data suggest a very large cost of children. The paper discusses the limitations of the estimation approach and considers the broader welfare implications of these costs. en_US
dc.identifier.isbn 0733421385 en_US
dc.identifier.issn 1447-8978 en_US
dc.language English
dc.language.iso EN en_US
dc.publisher Social Policy Research Centre, UNSW en_US
dc.relation.ispartofseries SPRC Discussion Paper en_US
dc.rights CC BY-NC-ND 3.0 en_US
dc.rights.uri en_US
dc.source Legacy MARC en_US
dc.title The Price, Cost, Consumption and Value of Children en_US
dc.type Working Paper en
dcterms.accessRights open access
dspace.entity.type Publication en_US
unsw.identifier.doi Sydney en_US
unsw.relation.faculty Arts Design & Architecture
unsw.relation.ispartofworkingpapernumber 132 en_US
unsw.relation.originalPublicationAffiliation Bradbury, Bruce, Social Policy Research Centre, Faculty of Arts & Social Sciences, UNSW en_US Social Policy Research Centre *
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