VALUING LOST HOME PRODUCTION OF DUAL EARNER COUPLES

Christopher House (), John Laitner () and Dmitriy Stolyarov

International Economic Review, 2008, vol. 49, issue 2, 701-736

Abstract: Using a life-cycle model in which women divide their time between home and market work, we establish a link between retirement wealth and the value of forgone home production. We use data from the Health and Retirement Study to estimate the model's parameters and adjust the growth rate of GDP to reflect reductions in nonmarket output. We find that the value of forgone home production is modest-about 25% of women's measured earnings. Copyright ©2008 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.

Date: 2008
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Working Paper: Valuing Lost Home Production for Dual-Earner Couples (2005)
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