Accounting for Nonmarket Household Production within a National Accounts Framework
The satellite accounts illustrated in this paper reflect the household's role as a producer and an investor in durables as well as a consumer by modifying the NIPA's to (1) incorporate the value of nonmarket (unpaid) household work into GDP; and (2) treat expenditures on consumer durables as investment and measure the value of the services those durables provide. Additionally, an Input-Output (I-0) model highlights the household's functions as a producer and investor in much greater detail for the year 1992 by incorporating a household industry for each time-use activity and by showing the inputs to and outputs from each household industry's production. Copyright 2000 by The International Association for Research in Income and Wealth.
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Volume (Year): 46 (2000)
Issue (Month): 3 (September)
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