Structural transformation, marketization, and household production around the world

Benjamin Bridgman, Georg Dürnecker and Berthold Herrendorf
Authors registered in the RePEc Author Service: Georg Duernecker

No 15-14, Working Papers from University of Mannheim, Department of Economics

Abstract: We provide evidence on household and market production in 36 countries since 1960. On average the household sector accounts for almost half of total hours worked. As GDP per capita increases, the employment share of household production in total hours worked initially declines and then hardly changes while the employment shares of market goods and services decrease and increase. Estimating the value added of household production yields similar patterns. Labor productivity of household production is lower than and positively correlated with that in the market. These findings can be used as an input into quantitative work involving household production.

Keywords: household production; marketization; structural transformation (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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https://madoc.bib.uni-mannheim.de/39679/1/Bridgman ... Herrendorf_15-14.pdf

Related works:
Journal Article: Structural transformation, marketization, and household production around the world (2018)
Working Paper: Structural transformation, marketization, and household production around the world (2018)
Working Paper: Structural Transformation, Marketization, and Household Production around the World (2017)
Working Paper: Structural Transformation, Marketization, and Household Production around the World (2015)
Working Paper: Structural Transformation, Marketization, and Household Production around the World (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:mnh:wpaper:39679

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