A Disaggregated View of Household Production Trends
AEA Papers and Proceedings
vol. 113,
May 2023
(pp. 619-22)
Abstract
The shift of working time from the household to the market, or marketization, was one of the most important changes in the US economy. This paper estimates US household production (HP) by product and examines the marketization of these products. I find that most HP products show little marketization despite a decline in HP's importance relative to GDP. Only cooking had significant marketization between 1965 and 2021. The COVID-19 pandemic led to a demarketization of most products, consistent with market options being disrupted.Citation
Bridgman, Benjamin. 2023. "A Disaggregated View of Household Production Trends." AEA Papers and Proceedings, 113: 619-22. DOI: 10.1257/pandp.20231105Additional Materials
JEL Classification
- D13 Household Production and Intrahousehold Allocation
- E23 Macroeconomics: Production
- I12 Health Behavior
- J22 Time Allocation and Labor Supply