This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Zick, C. D. Articles by Keith Bryant, W. Search for Related Content Social Bookmarking                   What's this?

Alternative Strategies For Pricing Home Work Time

Department of Family and Consumer Studies, University of Utah, Salt Lake City, UT 84112

W. Keith Bryant

Department of Consumer Economics and Housing, Cornell University, Ithaca, NY 14853

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 dis cussed 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 alter native 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.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?