Thursday, February 22
Thu
May
04

Valuing Household Unpaid Work

Speakers:

Rajeswari ThondiyilIMF, SARTTAC.

 
04
May,
2023
11:30 AM to 01:00 PM (IST)

Abstract:-

Conventional economic statistics, such as national accounts are largely designed to measure the market economy and exclude unpaid household service work. While the role of households is increasingly being acknowledged in the analysis of well being and sustainability, but remains statistically invisible. This is because the internationally agreed standard for measuring economic activity, the System of National Accounts (SNA) 2008, does not include household unpaid services in the production boundary and therefore goes unreported in the accounting framework of the SNA, like GDP. At the international level, it has been widely recognised that a proper recognition and valuation of unpaid household service work would allow a better assessment of the economic and social impact of policy options. Household unpaid services is a topic of relevance to update of SNA for measuring wellbeing and sustainability. This seminar will discuss the valuation of household unpaid work and associated challenges and more importantly, its impact on national accounts variables.

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Date & Time

04-05-2023
11:30 AM
to 01:00 PM (IST)

Location

IEG

Venue

AM Khusro Room

Event Type

IEG Seminar

Event Category

Past event

Speaker(s)

Rajeswari Thondiyil

IMF, SARTTAC.

Moderator(s)

Oindrila De

Assistant Professor