• Title/Summary/Keyword: replacement cost method generalist

Search Result 2, Processing Time 0.017 seconds

A Study of the Economic Valuation of Rural Women's Labor - Agricultural Work and Household Work - (여성농업인 노동의 경제적 가치평가에 관한 연구 - 농업노동과 가사노동 -)

  • 유소이;최윤지;조현숙;김경미
    • Journal of the Korean Home Economics Association
    • /
    • v.41 no.7
    • /
    • pp.157-168
    • /
    • 2003
  • The purposes of this study were to explore the rural women's labor by measuring labor value economically. To achieve the purpose, this study applied four methods : replacement cost method individual function, replacement cost method generalist, opportunity cost method and shadow wage method. The results of this study were as follows: 1) Time used for agricultural work and household work by with women were 5.3 hours and 3.8 hours each. 2) According to the methods used, the amounts of valuing rural women's labor were varied and ranged from 23,000 won to 43,000 won per day. This study might help recognize the degree of rural women's labor contribution to the household income of farm households and improve the socio-economic status of rural women through showing the productivity of the rural women's labor.

A Contribution to the National Economy System of Unpaid Household Labor (무보수 가사노동의 국민경제에 대한 기여도 평가)

  • 문숙재;윤소영;김은희
    • Journal of the Korean Home Economics Association
    • /
    • v.40 no.10
    • /
    • pp.161-176
    • /
    • 2002
  • This study is a basic research for the estimation of the value of unpaid household labor within the national economy system to be reflected in the related policy-making. By measuring economic value of unpaid household labor and estimating the ration to GDP, this study attempted to confirm the productivity of the unpaid household labor and thus contribute to the improvement of socio-economic status of women. Especially, it focused on the development of a standard of estimating unpaid household labor as a method applicable to the present economic and legal system. To organize the method of economic valuation of unpaid household labor and calculate the ration to GDP, this study used three approaches: replacement cost method individual function, replacement cost method generalist and opportunity cost method. Although the estimated result revealed that the economic value of unpaid household labor showed a great extent of deviation according to the estimating methods and the wage rate, total value of household labor ranged from one hundred and thirty eight to two hundred and thirty trillion wens, about 28-48% of GDP in Korea.