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- W1936366919 abstract "One of Henry Neuburger’s pioneering achievements was to have been the first man to take a year’s leave from Her Majesty’s Treasury to stay at home with his newborn daughter, and to enable his wife to keep up her career. This set a precedent for the advance (slow though it may have been) of employment policies which recognise the family responsibilities of both fathers and mothers. Henry also extended the frontiers of conventional national income accounting in his work on household production, based on time budget data (Murgatroyd and Neuburger, 1997). This chapter offers another example of the potential uses (and pitfalls) of time budgets: an attempt to illustrate the costs of children in both the marketed economy and the time resources of parents. Our exercise is based on a simulation model of lifetime incomes for hypothetical couples of various levels of earning power and various numbers of children. We take data on paid work and rates of pay from the 1994 British Household Panel Survey (BHPS), and simulate net earnings over ages 16-65. We generate lifetime incomes in a ‘timewarp’, frozen in this case in 1998, from which prices and tax rates are set in perpetuity. The method is described in full elsewhere (Davies and Joshi, 1995, 1999). The cash costs of children can be derived from this model. Direct expenditure on children is assumed to be related to the child’s age and family income (see Davies and Joshi, 1995). It also includes a component of childcare expenditure if mothers are employed when they have children under school age or if they have full-time employment once their children are over school age." @default.
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- W1936366919 date "2000-12-06" @default.
- W1936366919 modified "2023-10-17" @default.
- W1936366919 title "The price of parenthood and the value of children" @default.
- W1936366919 doi "https://doi.org/10.51952/9781447366867.ch005" @default.
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