Jacek Jankiewicz

Poznan University of Economics and Business, Poznan, Poland

E-mail: jacek.jankiewicz@ue.poznan.pl 

ORCID 0000-0001-7183-0851

Consumption in Polish households - production function parameters and monetary value of non-market goods

Przemysław Garsztka

Poznan University of Economics and Business, Poznan, Poland

E-mail: przemyslaw.garsztka@ue.poznan.pl 

ORCID 0000-0002-9877-5634

Ewa Jarosz

University of Oxford, Department of Sociology, Centre for Time Use Research, Oxford, United Kingdom

E-mail: ewa.jarosz@sociology.ox.ac.uk 

ORCID 0000-0001-9455-0334

Abstract. The aim of this paper is to estimate the parameters of the household production function as well as assessing the monetary value of the goods and services produced. The existence of jointness seems to be supported not only by sheer intuition, but also by the results of the calculations presented in this study. In order to supplement the statistical material included in the time-use database, data from the surveys on household budgets as well as remuneration structure by occupation were used. The results of the present study are similar to the findings published in other articles in the respect that market goods as inputs in the production process have been found to play a greater role in determining its value than the time spent by spouses. Thus, in the vast majority of cases, the elasticity of production relative to market goods is clearly greater than its elasticity in terms of time expenditure. So, if material inputs in household production are the function of their earnings, the latter will be one of the most important factors differentiating the value of the non-market production outputs of individuals.

Received: May, 2020

1st Revision: March, 2021

Accepted: May, 2021

DOI: 10.14254/2071-789X.2021/14-2/8

JEL Classification: 12, D13, J22

Keywords: household production, valuation of non-market goods, time-use, Cobb-Douglas production function