Does home production drive structural transformation?

Moro, Alessio, Moslehi, Solmaz and Tanaka, Satoshi (2017) Does home production drive structural transformation?. American Economic Journal: Macroeconomics, . doi:10.1257/mac.20150109

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Author Moro, Alessio
Moslehi, Solmaz
Tanaka, Satoshi
Title Does home production drive structural transformation?
Journal name American Economic Journal: Macroeconomics   Check publisher's open access policy
ISSN 1945-7707
1945-7715
Publication date 2017-01-01
Sub-type Article (original research)
DOI 10.1257/mac.20150109
Total pages 1
Place of publication Nashville, TN, United States
Publisher American Economic Association
Collection year 2018
Language eng
Abstract Using new home production data for the US, we estimate a model of structural transformation with a home production sector, allowing for both non-homotheticity of preferences and differential productivity growth in each sector. We report two main findings. First, the estimation results show that home services have a lower income elasticity than market services. Second, the slowdown in home labor productivity, started in the late 70s, is a key determinant of the rise of market services. Our counterfactual experiment shows that, without the slowdown, the share of market services would be lower by 7.5 percent in 2010.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ
Additional Notes https://www.aeaweb.org/articles?id=10.1257/mac.20150109&&from=f

Document type: Journal Article
Sub-type: Article (original research)
Collections: eSpace Followup
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Created: Mon, 06 Feb 2017, 13:23:53 EST by Karen Warren on behalf of School of Economics