What question did this study set out to answer?

To explore advancements in measuring household production within a national accounting framework.

March 4, 2026Oxford Review of Economic Policy0 citations

Expanding household production satellite accounts to support policy-making

BBBenjamin BridgmanBureau of Economic Analysis

Key Points

To explore advancements in measuring household production within a national accounting framework.
Analyzed recent data on household production over the past 50 years.
Expanded the internal detail of economic measurements.
Considered the impact of including human capital in economic accounts.
Identified growth in household services at varying rates.
Noted limited shifts to market production in some services.
Highlighted the broader economic values influencing household production measurement.

Abstract

Abstract Household production is an important source of economic value. This paper examines recent advancements in measuring household production using a national accounting framework, focusing on expanding its internal detail to better inform policy-makers. Household services have grown at different rates in the last 50 years, with only a few showing a shift to market production. It also considers the impact of efforts to expand economic measurement ‘Beyond GDP’, incorporating broader economic values like human capital, on household production measurement. Household production contributes to economic well-being beyond the production boundary in GDP.

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