COMPARATIVE ESTIMATES OF THE VALUE OF HOUSEHOLD WORK IN THE UNITED STATES FOR 1976*

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Gender, Labor, and Family Dynamics Labor market dynamics and wage inequality Income, Poverty, and Inequality

Abstract

This paper uses five valuation methods to derive aggregate and per person estimates of the value of household work in the United States. Two general questions are posed: (1) what is the relationship between the aggregate estimates and the valuation method used, and (2) how do per person estimates vary by sex and earnings? The main observations of the paper are as follows: First, the aggregate value of household work is sizable regardless of the valuation method used. Second, aggregate estimates are extremely sensitive to the method of valuation. For example, the highest estimate is $475 billion greater than the lowest estimate. Third, contrary to earlier findings, opportunity cost valuation methods generally produce significantly higher estimates than market cost valuation methods. Fourth, per person estimates vary significantly by sex and level of earnings across valuation methods. Generally, market cost estimates.

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1970The Bureau of Labor Statistics 1980Home Production--A Forgotten Industry 1976THE VALUE OF HOUSEHOLD SERVICES: A SURVEY OF EMPIRICAL ESTIMATES*1979EXPANDING IMPUTED VALUES IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS*2003Bureau of Economic Analysis 1978TOTAL INCOMES IN THE UNITED STATES, 1959 AND 1969 1977Accessibility and the Value of Time in Commuting 1978THE VALUE O F NONMARKET HOUSEHOLD PRODUCTION: OPPORTUNITY COST VERSUS MARKET COST ESTIMATES

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1998Fiscal Decentralization and Government Size: An International Test for Leviathan Accounting for Unmeasured Economic Activity 1991Savings Trends and Measurement Issues 1996VALUATION OF HOUSEHOLD PRODUCTION AT MARKET PRICES AND ESTIMATION OF PRODUCTION FUNCTIONS 1990Shadow wage assessments of the value of home production: Patterns from the 1970's

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