Are Household Services Overvalued?

Martin Murphy

American Journal of Economics and Sociology, 1980, vol. 39, issue 4, 413-415

Abstract: Abstract. It has been argued that estimates of the magnitude of household services relative to the Gross National Product (GNP) are generally overstated. Although under certain conditions this conclusion is justified, the explanations given are sometimes questionable. It is shown here that when overstatements do occur it is due to the need for valuation adjustments rather than quantity adjustments to the estimates. Moreover, depending on the points to be demonstrated it is equally correct to express such estimates as a percentage of the GNP or as a percentage of GNP plus household services. Some have argued to the contrary. It is further shown here that when valuations are adjusted to reflect labor market conditions and other factors, estimates of household services are reduced considerably.

Date: 1980
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1980.tb01291.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:39:y:1980:i:4:p:413-415

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().