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Valuation Of Household Production At Market Prices And Estimation Of Production Functions

Author

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  • John M. Fitzgerald
  • Matthew S. Swenson
  • John H. Wicks

Abstract

This paper estimates household production functions directly, considers their characteristics, and compares them with previous indirectly estimated functions. Interviews with 135 Missoula, Montana area married couple households provided the data. The results suggest that endogeneity and a previous lack of output and capital data which led to the use of the indirect methodology are not insurmountable problems. The results tend to confirm the feasibility of directly measuring household outputs since the production function results are reasonable. Directly estimated household production functions offer the possibilities for estimation of short‐term household output changes and testing hypotheses about households' economic behavior.

Suggested Citation

  • John M. Fitzgerald & Matthew S. Swenson & John H. Wicks, 1996. "Valuation Of Household Production At Market Prices And Estimation Of Production Functions," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(2), pages 165-180, June.
    • Handle: RePEc:bla:revinw:v:42:y:1996:i:2:p:165-180
    DOI: 10.1111/j.1475-4991.1996.tb00164.x
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    Citations

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    Cited by:

    1. Peter Howie & John Wicks & John Fitzgerald & Douglas Dalenberg & Rachel Connelly, 2006. "Mothers' time spent in care of their children and market work: a simultaneous model with attitudes as instruments," Applied Economics Letters, Taylor & Francis Journals, vol. 13(8), pages 503-506.
    2. Hallberg, D., 2000. "Does Time-Use Data Support the Unitary Model? A Test using Swedish Time-Use Data from 1984 and 1993," Papers 2000:14, Uppsala - Working Paper Series.
    3. 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.
    4. Asiedu, Edward, 2016. "Coming home without supplies: Impact of household needs on bribe involvement and gender gaps," GlobalFood Discussion Papers 229587, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    5. Marcel Kerkhofs & Peter Kooreman, 2003. "Identification and estimation of a class of household production models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(3), pages 337-369.
    6. Elena Dalla Chiara & Federico Perali, 2022. "Relational Well-being and the Many Dimensions of Poverty in Italy," Working Papers 6, SITES.
    7. Błaszczak-Przybycińska Ilona & Marszałek Marta, 2019. "Satellite Account Of Household Production. Methodological Remarks And Results For Poland," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 23(1), pages 61-76, March.
    8. Joëlle Noailly & Roger Smeets, 2013. "Directing Technical Change from Fossil-Fuel to Renewable Energy Innovation: An Empirical Application Using Firm-Level Patent Data," CPB Discussion Paper 237.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    9. Błaszczak-Przybycińska Ilona & Marszałek Marta, 2019. "Satellite Account Of Household Production. Methodological Remarks And Results For Poland," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 23(1), pages 61-76, March.
    10. Andrea Brandolini & Eliana Viviano, 2016. "Accounting for total work in labour statistics [Der Gesamtbetrag der Arbeit in den Arbeitsmarktstatistiken]," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(3), pages 199-212, November.

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