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Monetary Valuation of Non-market Productive Time Methodological Considerations


  • Goldschmidt-Clermont, Luisella


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.

Suggested Citation

  • Goldschmidt-Clermont, Luisella, 1993. "Monetary Valuation of Non-market Productive Time Methodological Considerations," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(4), pages 419-433, December.
  • Handle: RePEc:bla:revinw:v:39:y:1993:i:4:p:419-33

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    References listed on IDEAS

    1. Hoddinott, John & Haddad, Lawrence James & Besley, Tim & Adato, Michelle, 2001. "Participation and poverty reduction," FCND briefs 98, International Food Policy Research Institute (IFPRI).
    2. Menon, Purnima & Ruel, Marie T. & Morris, Saul Sutkover, 2000. "Socio-economic differentials in child stunting are consistently larger in urban than rural areas," FCND briefs 97, International Food Policy Research Institute (IFPRI).
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    Cited by:

    1. 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.
    2. Timothy Smeeding & Inge O'Connor & Peter Saunders, 1994. "The Distribution of Welfare: Inequality, Earnings Capacity, and Household Production in a Comparative Perspective," LIS Working papers 122, LIS Cross-National Data Center in Luxembourg.
    3. 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.
    4. 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.
    5. Ezequiel Uriel & Javier Ferri & Maria Luisa Molto, 2005. "Estimation of an Extended SAM with household production for Spain 1995," Economic Systems Research, Taylor & Francis Journals, vol. 17(3), pages 255-278.
    6. France Caillavet, 1998. "La production domestique des femmes réduit l'inégalité des revenus familiaux," Économie et Statistique, Programme National Persée, vol. 311(1), pages 75-89.
    7. 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.
    8. Elissa Braunstein, 2001. "Shifting From the Home to the Market: Accounting for Women's Work in Taiwan, 1965-1995," Working Papers wp24, Political Economy Research Institute, University of Massachusetts at Amherst.

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