The assumption that household income is strongly and positively correlated with a household's real standard of living … earners. This paper shows, in the context of a model of the household with young children present, that this assumption is not … modelling and numerical simulations based on survey data, that household income is a poor indicator of household well-being. …

population in the household then examine the determinants of the decision to supply labour. The fraction of home …-produced childcare to household childcare needs is considered to be a public good within the household, for which preferences are … of the choice of home childcare vs. labour supply. We are able to quantify each household's sensitivity to potential …