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Title: Valuing Lost Home Production of Dual Earner Households

Citation Type: Miscellaneous

Publication Year: 2005

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Abstract: We use micro data on income and wealth to estimate the value of foregone home production by working married women. Our key …nding is that the costs of women's labor force participation are modest: for every dollar that a married woman earns in the market, she incurs an average cost of 30 cents in lost home production. This estimate implies that observed changes in women's wages are not enough to explain increased participation, and non-economic discrimination could have played a signi…cant role in keeping married women at home in the past. Using additional data on the allocation of time between market work and home production, we estimate the GDP bias associated with home production to be between 20 and 30 percent of measured GDP. Women's transition into the labor force decreases GDP bias associated with home production and causes a decline in the measured national saving rate. However, because the estimated decline is small, the explanation for the falling national saving rate must be elsewhere.

Url: https://www.researchgate.net/publication/24122323

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Authors: House, Christopher; Stolyarov, Dmitriy; Laitner, John

Publisher: University of Michigan

Data Collections: IPUMS USA

Topics: Housing and Segregation, Labor Force and Occupational Structure

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