What is a person's day worth?
One way:
Value of a day
The Dollar Value of a Day (DVD) by Expectancy Data(1999) is a private analysis of government time diary statistics. The DVD analysis is fairly well respected. It does,
however, provide a value for everything done during the day on a
replacement value basis. When DVD is used for the value of household
labor it is fairly good -- some believe that it is a tad optimistic concerning males.
When used for other daily activities -- caregiving, personal care and
leisure -- some do not believe the results are not consistent with forensic analysis.
Value of a day
The Dollar Value of a Day (DVD) by Expectancy Data(1999) is a private analysis of government time diary statistics. The DVD analysis is fairly well respected. It does,
however, provide a value for everything done during the day on a
replacement value basis. When DVD is used for the value of household
labor it is fairly good -- some believe that it is a tad optimistic concerning males.
When used for other daily activities -- caregiving, personal care and
leisure -- some do not believe the results are not consistent with forensic analysis.
Labels: household services
posted by The Experts @ 10:29 AM
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