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Accounting for Household Production: A Prototype Satellite Account Using the American Time Use Survey

21 Pages Posted: 12 May 2009  

J. Steven Landefeld

Government of the United States of America - Bureau of Economic Analysis (BEA)

Barbara Fraumeni

U.S. Bureau of Economic Analysis (BEA); National Bureau of Economic Research (NBER)

Cindy M. Vojtech

Federal Reserve Board

Abstract

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.

Suggested Citation

Landefeld, J. Steven and Fraumeni, Barbara and Vojtech, Cindy M., Accounting for Household Production: A Prototype Satellite Account Using the American Time Use Survey. Review of Income and Wealth, Vol. 55, Issue 2, pp. 205-225, June 2009. Available at SSRN: https://ssrn.com/abstract=1400386 or http://dx.doi.org/10.1111/j.1475-4991.2009.00319.x

J. Steven Landefeld (Contact Author)

Government of the United States of America - Bureau of Economic Analysis (BEA) ( email )

1441 L Street NW
Washington, DC 20910
United States

Barbara Fraumeni

U.S. Bureau of Economic Analysis (BEA) ( email )

1441 L Street NW
Washington, DC 20910
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Cindy M. Vojtech

Federal Reserve Board ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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