Time, Money, and Inequality

The advent of nationally-representative time-use surveys has generated a wave of new empirical research on time devoted to unpaid work and challenged traditional resistance to considering its impact on household living standards. Measurement and valuation of such work can generate estimates of “exte...

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Bibliographic Details
Published inOEconomia Vol. 7; no. 7-1; pp. 3 - 24
Main Authors Suh, Jooyeoun, Folbre, Nancy
Format Journal Article
LanguageEnglish
Published Association Œconomia 01.03.2017
Subjects
history
inequality
money
time
value of non-market work
inequality
histoire
money
valeur du travail non-marchand
value of non-market work
inégalités
monnaie
time
history
temps
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Summary:The advent of nationally-representative time-use surveys has generated a wave of new empirical research on time devoted to unpaid work and challenged traditional resistance to considering its impact on household living standards. Measurement and valuation of such work can generate estimates of “extended income” on the household level, with significant implications for assessment of income inequality. While few such estimates have been generated to date, this essay argues that they are conceptually desirable, empirically feasible, and politically important. A critical assessment of objections to the valuation of unpaid work provides support for this argument, which is further strengthened by a historical account of the social forces driving the expansion of modern time use surveys.
ISSN:2113-5207
2269-8450
DOI:10.4000/oeconomia.2543