Construct · 1 fields · 1 citations

household production: a standalone construct

One name. One construct. A landmark on the map.

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Labor economics

the idea that households combine market goods and their own time to produce the things they value, so time has a price.

In labor economics, household production refers to the idea that households combine market goods and their own time to produce the things they value, so time has a price. This meaning comes from Becker (1965) in The Economic Journal.[1]

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Nearby constructs

labor4 fields · 4 citationsjingle · one word, four constructs domestic mode of production1 fields · 1 citationsanchor · a standalone construct family farm persistence1 fields · 1 citationsanchor · a standalone construct

References

Becker, G. S. (1965). A Theory of the Allocation of Time. The Economic Journal, 75(299), 493. https://doi.org/10.2307/2228949

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