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ACCOUNTING FOR TIME USE
Author(s) -
Pyatt Graham
Publication year - 1990
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1990.tb00260.x
Subject(s) - social accounting matrix , valuation (finance) , imputation (statistics) , national accounts , economics , econometrics , value of time , accounting , microeconomics , missing data , statistics , mathematics , travel time , computable general equilibrium , transport engineering , engineering
In this paper the author discusses how statistics on time use can be integrated into a social accounting matrix representation of economic activity. Time use data are presented as an extended manpower matrix and related to Stone's basic dynamic framework for social statistics. The valuation of time and methods of imputation are then discussed in relation to the choice of production boundary. It is argued that any imputations of labour income must be balanced by valuing goods consumed at their user cost and that there is a case for imputing value to all uses of time.