What is the Value of Housework?
Household production is an important, yet unrepresented, factor in measuring our States total economic output. The value of housework represents an estimate of the contribution of unpaid goods and services provided by households to overall economic activity in Maryland. Housework can include raising our children, preparing meals for families, providing adequate shelter for those living in a household, and providing care and assistance for an relative who is sick or injured, and assisting our older family members live their best possible life in their later years. And yet, when these goods or services are purchased, they are included in measures of economic activity such as Gross State Product. As a result, the actual value of goods and services provided in Maryland is lower than actual levels of production/consumption.
