Accounting for total work

Andrea Brandolini () and Eliana Viviano

No 253, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

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. (search for similar items in EconPapers)
JEL-codes: J21 J22 (search for similar items in EconPapers)
Date: 2014-11
New Economics Papers: this item is included in nep-acc, nep-hme and nep-mfd
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_253_14

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