Diapositiva 1

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• Valuation of non-paid work in the context of the
  Satellite Account of Households
• Satellite Account of Households (it is not
  exactly the same than the Total Work Account no
  the Time Use Account, that include for example
  education)

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Non-paid work in the Satellite Account of
Households

• The purpose is to include household production to
  the market hh production not to the market
  voluntary work.
• NIPA includes item 1 and some activities of items
  2 and 3 production for self-consumption
  voluntary work that produces goods.
• The NIPA excludes the hh activities that produce
  domestic or personal services for
  self-consumption, except when they are paid. Most
  of the estimations of the Household Satellite
  Account consist of including those activities

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Valuation

• There is a debate about methods of valuation
• There are 2 approachs
• 1. We need a wage
• 2. We need quantities of production and costs
• First approach
• Opportunity cost we value the worked hour as the
  wage that the non-paid worker can receive in the
  labor market.

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• First approach
• Opportunity cost
• Replacement cost wage paid in the labor market
  for equivalent tasks
• Wage paid to a non-specialist (a non-qualified
  worker that perform many tasks domestic service)
  
• Wage paid to a specialist (a cooker, etc.)
• In the estimations, there are different options
  about to consider pre-tax or post-tax wage to
  use mean wage or the median (replacement cost)
  the independent variable in the wage equation
  (opportunity cost) (however, generally the wage
  is a function or education, age and sex)

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• Second approach (not used in Latin America)
• Produced quantities (units of clean clothes
  number of meals, etc.) times the wage/unit
• Market value of the production non-labour cost
  of production

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Uruguay, 2007. Ratio opportunity cost /
replacement cost. Average for selected groups.
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Satellite Account of Households. Mexico
Source Salvador (2009)