THE DISTRIBUTION OF FULL INCOME VERSUS MONEY INCOME IN THE UNITED STATES
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This paper compares the distribution of money income and full income across households in the United States. The concept of full income was introduced in Becker's household model and provides a framework for estimating the economic value of productive non-market activities and leisure. If the allocation of time is voluntary, full income may be a better measure of economic welfare than money income. Non-parametric Lorenz curves and Gini coefficients are used to compare the two distributions. The data are from the Census Bureau's Survey of Income and Program Participation for 1984-86. Full income is more equally distributed than money income. However, the distribution remains very unequal. The income distributions are also compared for specific types of households.