The purpose of this study is to evaluate of economic value of housework, and is to estimate the ratio of GNP. For this purpose the economic value of housework was measured by five methods specialized substitute method, overall substitute method, oppor...
The purpose of this study is to evaluate of economic value of housework, and is to estimate the ratio of GNP. For this purpose the economic value of housework was measured by five methods specialized substitute method, overall substitute method, opportunity cost method, reservation wage method, subjective evaluation method.
815 housewives were samples in Taegu and Kyungsangpookdo for this study. The statistics used for data analysis were frequency, percentile, T-test facor analysis, Pearson's correlation, one-way ANOVA, Multiple Regression analysis by SPSS PC programs.
The major findings were as follow;
(1) The average housework time of housewives in 1992 was 7,8hours per day. Full-time housewives spent 8.2hours and employes housewives spent 6.7hours to housework.
(2) The average monetary values of housework of housewives in 1992 were
① Specialized substitute method - 640,800won
② Overall substitute method - 762,900won
③ Opportunity cost method - 638,100won
④ Reservation wage method - 535,000won
⑤ Subjective evaluation method - 646,200won
There were some differences in monetary values by housewife's employment status and region.
(3) The variables which affected the monetary value of housework suggested relatively definite trend. Namely, values of housework by tow methods of the former showed significant differences by family number, education level of the housewife, age of housewife and the last child, number of preschool child, number of children, period of marriage, employment status of housewife. On the other hand, value of housework by three methods of the latter showed significant differences by income, education level of the housewife, age of housewife.
(4) To estimate the value of individual housewife's housework, regression equation and unstandardized coefficient were suggested through the variables such as number of family, age of the last child and housewife, income, education level of the housewife, employment status of housewife.
It helps to measure the value of housework of each housewife
(5) The estimates of the economic value of housework were approximately 41.95percent of the GNP by specialized substitute method and 51.90percent by overall substitute method, 35.66percent by opportunity cost method, 32.80percent by reservation wage method and 38.67percent by subjective evaluation method.
So, specialized substitute method and overall substitute method which the value is estimated in terms of the housework time can be used for the purpose of measuring proper compensation to their home and society.
On the other hand, in the situation of decision making between the housework and the market work, housewives can compare the values estimated between specialized substitute method, overall substitute method and opportunity cost method.
By estimating the percentage to GNP, this study contributed to approve the productivity of housework.