Accounting for Household Production: A Prototype Satellite Account Using the American Time Use Survey
J. Steven Landefeld
Government of the United States of America - Bureau of Economic Analysis (BEA)
U.S. Bureau of Economic Analysis (BEA)
Cindy M. Vojtech
affiliation not provided to SSRN
Review of Income and Wealth, Vol. 55, Issue 2, pp. 205-225, June 2009
This paper presents a satellite account where households are treated as production units. It extends previous work that treats consumer durables as investment and that values nonmarket household production activities such as cooking, cleaning, and childcare. Services from consumer durables and government capital related to household production are also valued. In constructing the updated accounts, this paper incorporates new time use data from the American Time Use Survey (ATUS) and the harmonized time use data from the Multinational Time Use Study (MTUS). This paper also discusses and incorporates recommendations made by the U.S. National Academies panel on nonmarket accounts.
Number of Pages in PDF File: 21Accepted Paper Series
Date posted: May 12, 2009
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