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Monetary Value of Homemaker's Services

MONETARY VALUE OF HOUSEHOLD SERVICES

This research examines the issue of the value of homemakers' services. For purposes of this research, the term "homemaker" refers to an adult member of a household who stays at home to perform household services, as opposed to working outside the home.

A century ago, only 5 percent of married woman participated in the labor market (Economics and Statistics Administration, 1995, p. 399). In 1940, fewer than one married woman in seven was working outside the home, while 60 percent work outside the home in 1995. Only 17 percent of married couples are one-earner, with the rest having other or no earners. In the mid-1990s, the dual income family is more common than the traditional one-income married household where the husband works and the wife stays at home. In 1980, half of all married couples were dual-income. By 1990, this proportion had increased to about 60 percent (Economics and Statistics Administration, 1995, p. 851).

In contemporary American society, it is necessary for all adults in a majority of the country's households to work outside of the home, if an acceptable standard of living is to be maintained (Belsky, 1990, pp. 10-12). When school-age children are present in these households, the problems faced by parents are exacerbated. Major changes have occurred in the demographics of the American work force in the past three decades. In the mid-1960s, women workers accounted for approximately one-third of all Americans active in the work force. In the 1990s, this proportion has risen to at least one-half of the American work force (Carlson, 1990, pp. 4-6).

When both parents in a family do work outside the home, the problem of day care for the children becomes a central issue. On the one hand, the demand for child day care is up significantly as a result of the increased numbers of women working who must also provide care for their children, while, on the other hand, the...

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Monetary Value of Homemaker's Services. (1969, December 31). In LotsofEssays.com. Retrieved 03:43, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1694573.html