Abstract
Abstract It is widely recognized that ignoring home production understates aggregate output. However, little attention has been paid to the impact of ignoring home production in assessing trends in economic inequality, even though many studies have shown that home production is important to economic well-being, and that the amount of home production has decreased as the labour force participation of women has increased. For instance, Gronau (1980) estimated that in 1973 among white married-couple households the value of home production was equal to 70per cent of households’ money income aftertaxes. Among households with young children, the value of home production was nearly equal to households’ money income after taxes. Furthermore, Juster and Stafford (1991) show that women reduced time devoted to home production by more than 10 per cent between 1965 and 1981, a period of rapid increase in women’s labour force participation.
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