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The Valuation of Household Production: Divorce, Wrongful Injury and Death Litigation

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  • Charles C. Fischer

Abstract

. An important subject, that of placing an economic value on household production for divorce, wrongful injury and death litigation, is examined. Both theory and practice are explored, with emphasis given to the latter. National questionnaire data obtained by the author suggest that forensic economists generally take a conservative, perhaps overly narrow, approach in valuing household production. Possible reasons for this, implications, and future directions in forensic practice are discussed

Suggested Citation

  • Charles C. Fischer, 1994. "The Valuation of Household Production: Divorce, Wrongful Injury and Death Litigation," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(2), pages 187-199, April.
    • Handle: RePEc:bla:ajecsc:v:53:y:1994:i:2:p:187-199
    DOI: 10.1111/j.1536-7150.1994.tb02585.x
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    References listed on IDEAS

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    1. Manning, Alan, 1996. "Authority in employment contracts: A bilateral bargaining model," Labour Economics, Elsevier, vol. 3(1), pages 1-23, August.
    2. Smith, James P & Ward, Michael, 1989. "Women in the Labor Market and in the Family," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 9-23, Winter.
    3. Bivens, Gordon E & Volker, Carol B, 1986. "A Value-Added Approach to Household Production: The Special Case of Meal Preparation," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 13(2), pages 272-279, September.
    4. Gronau, Reuben, 1980. "Home Production-A Forgotten Industry," The Review of Economics and Statistics, MIT Press, vol. 62(3), pages 408-416, August.
    5. Biddle, Jeff E & Hamermesh, Daniel S, 1990. "Sleep and the Allocation of Time," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 922-943, October.
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    Cited by:

    1. Gronau, Reuben, 1997. "The Theory of Home Production: The Past Ten Years," Journal of Labor Economics, University of Chicago Press, vol. 15(2), pages 197-205, April.

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