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Unobserved Inputs in Household Production
Resource type
Authors/contributors
- Mityakov, Sergey (Author)
- Mroz, Thomas A. (Author)
Title
Unobserved Inputs in Household Production
Abstract
Most household production studies ignore unobserved inputs. Without additional assumptions, however, estimated impacts of the observed inputs cannot provide informative estimates of marginal products because of contaminating variations in unobserved inputs. Not even the signs of marginal impacts can be ascertained. One can establish the direction of these biases and significantly reduce them by including detailed information about nonproductive (pure consumption) goods in the analysis. Estimates from prior demand studies can also help determine the direction of the bias. We describe the stringent assumptions one must invoke in the absence of such additional information to be able to relate estimated effects to the true marginal products.
Publication
Journal of Political Economy
Volume
132
Issue
6
Pages
1876-1896
Date
2024-06-01
DOI
ISSN
0022-3808
Accessed
2024-06-27
Extra
Publisher: The University of Chicago Press
Citation
Mityakov, S., & Mroz, T. A. (2024). Unobserved Inputs in Household Production. Journal of Political Economy, 132, 1876–1896.
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