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Monetary Valuation of Non-market Productive Time Methodological Considerations

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  • Goldschmidt-Clermont, Luisella
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    Abstract

    After defining households' productive time in non-SNA activities, the paper discusses the most frequently used wage-based methods for imputing a value to this time. It argues that because the relation between market wages and household output is, at best, unknown, such valuations are not fruitful for economic analysis purposes. The paper then proceeds to show that it is possible to establish an output-related valuation of productive time which per se is relevant for economic analysis. Combined with time-use data, it can be used as a transitional measure for valuing household production at factors cost in a satellite account. Copyright 1993 by The International Association for Research in Income and Wealth.

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    Article provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.

    Volume (Year): 39 (1993)
    Issue (Month): 4 (December)
    Pages: 419-33

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    Handle: RePEc:bla:revinw:v:39:y:1993:i:4:p:419-33

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    Cited by:
    1. Ezequiel Uriel Jiménez & Javier Ferri & María Luisa Moltó Carbonell, 2005. "Estimation Of An Extended Sam With Household Production For Spain 1995," Working Papers. Serie EC, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 2005-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    2. Merz, Joachim & Kirsten, Dagmar, 1998. "Extended Income Inequality and Poverty Dynamics of Labour Market and Household Activities A Ten Years Microanalysis with the German Socio-Economic Panel," MPRA Paper 7012, University Library of Munich, Germany.
    3. Elissa Braunstein, 2001. "Shifting From the Home to the Market: Accounting for Women's Work in Taiwan, 1965-1995," Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst wp24, Political Economy Research Institute, University of Massachusetts at Amherst.

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