Understanding the Local Unrecorded Economy: Informal Work and Home Production in Non-Metropolitan Wisconsin
AbstractUsing a survey of 1,611 families in non-metropolitan Wisconsin, we assess the extent and importance of certain activities to make money, save money, or barter. Approximately 59% of families report involvement in the activities considered, with 122 median annual hours and median imputed value of $1368. Hours of such work are highly skewed. While some house-holds are extensively involved, most report only approximately 2-3 per week. Overall, while such work is common and some households engage in it extensively, substantial involvement in it appears too infrequent for it to serve as a major part of most householdsâ€™ well-being.
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Bibliographic InfoArticle provided by Mid-Continent Regional Science Association in its journal Journal of Regional Analysis and Policy.
Volume (Year): 37 (2007)
Issue (Month): 2 ()
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