Full Citation
Title: Valuing Lost Home Production of Dual Earner Couples
Citation Type: Miscellaneous
Publication Year: 2007
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Abstract: This paper proposes a strategy for measuring the market value of forgone home production associated with increases in female labor force hours. We formulate a life-cycle model in which women divide their time between home and market work. The model implies a link between household retirement wealth and the value of forgone home production. We use recently available panel micro data from the Health and Retirement Study to estimate the model's parameters and adjust the growth rate of GDP to reflect recent reductions in non-market output. We find that the value of forgone home production is modest, about 25 percent of women's measured earnings. On aggregate, due to the large transition of women into the labor force, the value of forgone home production relative to GDP has increased by only 2.5 percentage points over the decades 1959-1999.
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Authors: House, Christopher; Laitner, John; Stolyarov, Dmitriy
Publisher: University of Michigan
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure
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