Assessing the value of household work based on wages demanded on online platforms for substitutes

Simona Jokubauskaitė, Alyssa Schneebaum

    Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

    Abstract

    We propose an improved method to assess the economic value of unpaid housework
    and childcare. Existing literature has typically assigned a minimum, generalist or
    specialist’s wage, or the performer’s opportunity cost to the hourly value of these
    activities. Then it was used to calculate macro-level value based on the number of
    hours spent in this work. In this paper, instead of imputing an average or minimum
    wage for housework and childcare to determine a value to the work, we use the actual
    local wage rate requested for these services from providers on online platforms.
    Applying this method to Austrian Time Use Survey data shows that the value of
    unpaid childcare and housework, had it been paid, would be equivalent to about 22%
    of the 2018 GDP.
    OriginalspracheEnglisch
    FachzeitschriftReview of Economics of the Household
    DOIs
    PublikationsstatusVeröffentlicht - 2021

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