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Measuring The Value Of Household Output: A Comparison Of Direct And Indirect Approaches

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  • John Fitzgerald
  • John Wicks

Abstract

Economists have traditionally measured household production (HP) by multiplying hours spent by a wage rate. This practice tends to misstate HP by ignoring the contribution of capital and entrepreneurship and by making questionable marginal productivity assumptions. Quantifying the HP and multiplying by the market value per unit avoids these problems and yields a value estimated by the same method as GNP. We measure HP by this direct method and find HP to be 44 percent more than that obtained by the traditional approach. We further make average productivity comparisons between firms and households for typical HP items.

Suggested Citation

  • John Fitzgerald & John Wicks, 1990. "Measuring The Value Of Household Output: A Comparison Of Direct And Indirect Approaches," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 36(2), pages 129-141, June.
  • Handle: RePEc:bla:revinw:v:36:y:1990:i:2:p:129-141
    DOI: 10.1111/j.1475-4991.1990.tb00276.x
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    Cited by:

    1. Folbre N., 1993. "Women and social security in Latin America, the Caribbean and sub- saharan Africa," ILO Working Papers 992932813402676, International Labour Organization.
    2. David de Vaus & Matthew Gray & David Stanton, 2004. "Measuring the value of unpaid household, caring and voluntary work of older Australians," Labor and Demography 0405006, University Library of Munich, Germany.
    3. Kar-Fai Gee, 2015. "Development of Estimates for Household Production of Non-Market Services in OECD Countries for the Index of Economic Well-Being," CSLS Research Reports 2015-09, Centre for the Study of Living Standards.
    4. John Anderson & Hendrik van den Berg, 1998. "Fiscal Decentralization and Government Size: An International Test for Leviathan Accounting for Unmeasured Economic Activity," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 5(2), pages 171-186, May.
    5. Douglas Dalenberg & John Fitzgerald & Eric Schuck & John Wicks, 2004. "How Much Is Leisure Worth? Direct Measurement with Contingent Valuation," Review of Economics of the Household, Springer, vol. 2(4), pages 351-365, August.
    6. Wencke Gwozdz & Alfonso Sousa-Poza, 2010. "Explaining Gender Differences in Housework Time in Germany," Journal of Consumer Policy, Springer, vol. 33(2), pages 183-200, June.
    7. Jooyeoun Suh & Nancy Folbre, 2016. "Valuing Unpaid Child Care in the U.S.: A Prototype Satellite Account Using the American Time Use Survey," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(4), pages 668-684, December.
    8. repec:ilo:ilowps:293281 is not listed on IDEAS

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