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.
Benjamin Bridgman (Wed,) studied this question.