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Comparative Estimates Of The Value Of Household Work In The United States For 1976

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  • Martin Murphy

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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  • Martin Murphy, 1982. "Comparative Estimates Of The Value Of Household Work In The United States For 1976," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 28(1), pages 29-43, March.
    • Handle: RePEc:bla:revinw:v:28:y:1982:i:1:p:29-43
    DOI: 10.1111/j.1475-4991.1982.tb00604.x
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    Cited by:

    1. Anker, Richard,, 1983. "Female labour force activity in developing countries: a critique of current data collection techniques," ILO Working Papers 992254933402676, International Labour Organization.
    2. Edward N. Wolff & Ajit Zacharias, 2003. "The Levy Institute Measure of Economic Well-Being," Economics Working Paper Archive wp_372, Levy Economics Institute.

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