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HOUSEHOLD PRODUCTION AND MARKET EMPLOYMENT: DUAL AVENUES OF CONSUMER BEHAVIOUR
Author(s) -
OWEN ALMA J.,
BEUTLER IVAN F.
Publication year - 1981
Publication title -
journal of consumer studies and home economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.775
H-Index - 71
eISSN - 1470-6431
pISSN - 0309-3891
DOI - 10.1111/j.1470-6431.1981.tb00079.x
Subject(s) - nonmarket forces , economics , production (economics) , consumption (sociology) , equivalence (formal languages) , dual (grammatical number) , sample (material) , value (mathematics) , marginal utility , econometrics , microeconomics , factor market , mathematics , statistics , art , social science , chemistry , literature , discrete mathematics , chromatography , sociology
A theoretical model of the economics of production and consumption within the household is developed into an empirical path model. With data from a representative Iowa sample the impact of household production on expenditure patterns is examined with estimates of the implied income equivalence or marginal value of nonmarket production.