Accounting for Total Work

34 Pages Posted: 5 Apr 2015

Date Written: November 20, 2014

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.

Keywords: home production, work intensity, employment rate

JEL Classification: J22, J21

Suggested Citation

Brandolini, Andrea and Viviano, Eliana, Accounting for Total Work (November 20, 2014). Bank of Italy Occasional Paper No. 253. Available at SSRN: https://ssrn.com/abstract=2589567 or http://dx.doi.org/10.2139/ssrn.2589567

Andrea Brandolini (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Roma, Rome 00184
Italy
+390647923568 (Phone)
+390647923720 (Fax)

Eliana Viviano

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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