VALUING LOST HOME PRODUCTION OF DUAL EARNER COUPLES*
利用生命周期模型，结合健康与退休研究数据，估算双职工夫妇因女性减少家务劳动而损失的家庭生产价值，发现该损失约为女性测量收入的25%。
Using a life‐cycle model in which women divide their time between home and market work, we establish a link between retirement wealth and the value of forgone home production. We use data from the Health and Retirement Study to estimate the model's parameters and adjust the growth rate of GDP to reflect reductions in nonmarket output. We find that the value of forgone home production is modest—about 25% of women's measured earnings.