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The Regional Economic Value of Nonmarket Household Production Time: Combining an I-O Framework with Time Use Date

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  • Pratt, James E.

Abstract

Since their inception in 1934, the National Income and Product Accounts of the U.S. (NIPAs) have excluded estimates of household production from total economic activity. Many proposals have been made for including the value of household production in the NIPAs, all of which rest on some form of imputed value to be added to Gross Domestic Prod-uct. This paper uses U.S. data from 2006 to determine economy-wide implicit values for the time spent by household members in unpaid household activities, specifically unpaid child care time. I demonstrate a method that combines household time allocation within an Input-Output (I-O) framework to allow for an implicit rather than an imputed valuation of house-hold time. The values for work and work-related time as well as family care time by industry and by occupation are universally large and do not follow a pattern which might be suggested by wages alone.

Suggested Citation

  • Pratt, James E., 2009. "The Regional Economic Value of Nonmarket Household Production Time: Combining an I-O Framework with Time Use Date," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(1).
  • Handle: RePEc:ags:jrapmc:132428
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    References listed on IDEAS

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    3. J. Steven Landefeld & Barbara M. Fraumeni & Cindy M. Vojtech, 2005. "Accounting for Nonmarket Production: A Prototype Satellite Account Using the American Time Use Survey," BEA Papers 0056, Bureau of Economic Analysis.
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    5. Landefeld, J Steven & McCulla, Stephanie H, 2000. "Accounting for Nonmarket Household Production within a National Accounts Framework," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(3), pages 289-307, September.
    6. Ironmonger, D., 2000. "Household Production and the Household Economy," Department of Economics - Working Papers Series 759, The University of Melbourne.
    7. Nancy Folbre & Jayoung Yoon & Kade Finnoff & Allison Fuligni, 2005. "By what measure? family time devoted to children in the united states," Demography, Springer;Population Association of America (PAA), vol. 42(2), pages 373-390, May.
    8. Hughes, David W., 2003. "Policy Uses of Economic Multiplier and Impact Analysis," Choices, Agricultural and Applied Economics Association, vol. 18(2).
    9. J. Steven Landefeld & Shaunda Villones, 2009. "National Time Accounting and National Economic Accounting," NBER Chapters,in: Measuring the Subjective Well-Being of Nations: National Accounts of Time Use and Well-Being, pages 113-123 National Bureau of Economic Research, Inc.
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    11. Nancy Folbre & Jayoung Yoon & Kade Finnoff & Allison Sidle Fuligni, 2004. "By What Measure? Family Time Devoted to Children in the U.S," UMASS Amherst Economics Working Papers 2004-06, University of Massachusetts Amherst, Department of Economics.
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    Cited by:

    1. Choi, Eun-Young & Johnson, Thomas G., 2014. "Economic Impact of the Informal Childcare Sector in Kansas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(1).

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