For many years a variety of techniques for measuring the value of home work time have been proposed and criticized. In this paper, these criticisms are discussed at length as a prelude to the introduction of a potentially more appealing measure first suggested by James Heckman (1974). Calculation of this measure, frequently referred to as the reservation wage, is presented in detail. Estimates obtained using the reservation wage technique are contrasted with market alternative estimates derived with the same data set. The empirical findings suggest that the market alternative cost method understates the true value of a woman's home time to the household.
Type
text;
citation_publisher
American Association of Family and Consumer Sciences (AAFCS)
citation_volume
12
citation_issue
2
citation_firstpage
133
Citation_lastpage
144
citation_keywords
Housework; Cost; Value; Housewives
Subject (LCSH)
Housekeeping; Wages
citation_language
eng;
Bibliographic Citation
Zick, C. D., & Bryant, W. K. (1983). Alternative strategies for pricing home work time. Home Economics Research Journal, 12(2), 133-44.
Rights Management
(c)American Association of Family and Consumer Sciences (AAFCS)
