Distribution of Economic Resources: Implications of Including the Household Production

Jens Bonke

No 91-10, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: The value of household production is estimated to 40-50 percent of GNP in most western countries, and because the distribution of this income-in-kind is different from ordinary income distribution, the concept of economic well-being may include household production. The monetary value of household production is evaluated by a market alternative principle and an opportunity-cost principle. In the last case a reservation wage is estimated, and integrated in a modified opportunity principle, which means that household work of non-working women is evaluated by the reservation wage, and household work of working women and men by their wage-rate. The conclusions are among others, that the inclusion of household production reduces the inequality, and that women's contributions--money income and household production--functions as income equalizers.

Keywords: national income accounts; households; income; Denmark; U.S.; Netherlands (search for similar items in EconPapers)
JEL-codes: D13 E10 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1991-08
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Published in: Review of Income and Wealth, 1992, 38(3) pp 281-293

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Journal Article: DISTRIBUTION OF ECONOMIC RESOURCES: IMPLICATIONS OF INCLUDING HOUSEHOLD PRODUCTION (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:9110

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