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Accounting for total work

Author

Listed:
  • Andrea Brandolini

    (Bank of Italy)

  • Eliana Viviano

    (Bank of Italy)

Abstract

We analyse how accounting for household production could affect labour market statistics. This topic has grown in importance since the release of the new System of National Accounts in 2008. Because the traditional headcount ratios focussing on the number of people carrying out some home and some market production may not be very informative, we propose a general class of indices based on the time spent on each type of work that encompasses headcount indicators. We apply these indices to selected configurations of the parameters to make cross-country comparisons.

Suggested Citation

  • Andrea Brandolini & Eliana Viviano, 2014. "Accounting for total work," Questioni di Economia e Finanza (Occasional Papers) 253, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_253_14
    as

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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2014-0253/QEF_253.pdf
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    References listed on IDEAS

    as
    1. Benhabib, Jess & Rogerson, Richard & Wright, Randall, 1991. "Homework in Macroeconomics: Household Production and Aggregate Fluctuations," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1166-1187, December.
    2. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    3. Joachim Frick & Markus Grabka & Olaf Groh-Samberg, 2012. "The impact of home production on economic inequality in Germany," Empirical Economics, Springer, vol. 43(3), pages 1143-1169, December.
    4. John M. Fitzgerald & Matthew S. Swenson & John H. Wicks, 1996. "Valuation Of Household Production At Market Prices And Estimation Of Production Functions," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(2), pages 165-180, June.
    5. Urban J. Jermann & Marianne Baxter, 1999. "Household Production and the Excess Sensitivity of Consumption to Current Income," American Economic Review, American Economic Association, vol. 89(4), pages 902-920, September.
    6. Andrea Brandolini & Eliana Viviano, 2016. "Behind and beyond the (head count) employment rate," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 179(3), pages 657-681, June.
    7. Graham, John W & Green, Carole A, 1984. "Estimating the Parameters of a Household Production Function with Joint Products," The Review of Economics and Statistics, MIT Press, vol. 66(2), pages 277-282, May.
    8. Maurice Weinrobe, 1974. "Household Production And National Production: An Improvement Of The Record," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 20(1), pages 89-102, March.
    9. Fang Lei & McDaniel Cara, 2017. "Home hours in the United States and Europe," The B.E. Journal of Macroeconomics, De Gruyter, vol. 17(1), pages 1-27, January.
    10. Stephen P. Jenkins & Nigel C. O'Leary, 1996. "Household Income Plus Household Production: The Distribution Of Extended Income In The U.K," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(4), pages 401-419, December.
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    12. Gronau, Reuben, 1980. "Home Production-A Forgotten Industry," The Review of Economics and Statistics, MIT Press, vol. 62(3), pages 408-416, August.
    13. Milton Moss, 1973. "The Measurement of Economic and Social Performance," NBER Books, National Bureau of Economic Research, Inc, number moss73-1.
    14. Hamermesh, Daniel S., 2007. "AJAE Appendix: Time to Eat: Household Production Under Increasing Income Inequality," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 89(4), pages 1-8, November.
    15. J. Steven Landefeld & Barbara M. Fraumeni & Cindy M. Vojtech, 2009. "Accounting For Household Production: A Prototype Satellite Account Using The American Time Use Survey," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(2), pages 205-225, June.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    home production; work intensity; employment rate.;
    All these keywords.

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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