Household production, consumption and time allocation in Peru
Working paper
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Date
1991-02Metadata
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- Discussion Papers [1002]
Abstract
Based on the neo-classical theory of time allocation, consumption and production we estimate a particular econometric model for Lima and the rural areas of Peru. This model is well suited for carrying out policy simulations on how households time allocation and the income distribution are affected from different policy measures such as increased schooling and wage rates. The econometric model is sufficiently general to account for simultaneous decisions on time allocation in large households both across sectors (wage work and selfemployment) and across adult family members. We also report a series of policy simulation results for Lima.