The effect of housewife labor on gdp calculations

TL;DR

This paper explores the economic value of housewife labor on GDP through theoretical critique and empirical analysis in Turkey, highlighting its impact and the role of heterogeneous individual profiles.

Contribution

It introduces a novel approach by quantifying housewife labor's effect on GDP and challenges traditional views of labor in economic theory.

Findings

Housewife labor significantly impacts GDP in Turkey.

Heterogeneous individual profiles influence labor valuation.

Theoretical analysis questions orthodox labor concepts.

Abstract

In this study, the evolutionary development of labor has been tried to be revealed based on theoretical analysis. Using the example of gdp, which is an indicator of social welfare, the economic value of the labor of housewives was tried to be measured with an empirical modeling. To this end; first of all, the concept of labor was questioned in orthodox (mainstream) economic theories; then, by abstracting from the labor-employment relationship, it was examined what effect the labor of unpaid housewives who are unemployed in the capitalist system could have on gdp. In theoretical analysis; It has been determined that the changing human profile moves away from rationality and creates limited rationality and, accordingly, a heterogeneous individual profile. Women were defined as the new example of heterogeneous individuals, as those who best fit the definition of limited rational individuals because they prefer to be housewives. In the empirical analysis of the study, housewife labor was taken into account as the main variable. In the empirical analysis of the study; In the case of Turkiye, using turkstat employment data and the atkinson inequality scale; the impact of housewife labor on gdp was calculated. The results of the theoretical and empirical analysis were evaluated in the context of labor-employment independence.