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Accounting for total work

Author

Listed:
  • Andrea Brandolini

    (Bank of Italy)

  • Eliana Viviano

    (Bank of Italy)

Abstract

We analyse how accounting for household production could affect labour market statistics. This topic has grown in importance since the release of the new System of National Accounts in 2008. Because the traditional headcount ratios focussing on the number of people carrying out some home and some market production may not be very informative, we propose a general class of indices based on the time spent on each type of work that encompasses headcount indicators. We apply these indices to selected configurations of the parameters to make cross-country comparisons.

Suggested Citation

  • Andrea Brandolini & Eliana Viviano, 2014. "Accounting for total work," Questioni di Economia e Finanza (Occasional Papers) 253, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_253_14
    as

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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2014-0253/QEF_253.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    home production; work intensity; employment rate.;
    All these keywords.

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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