![]() ![]() There’s no doubt that stay-at-home moms add value to their households. The value of what a stay-at-home mom does is the amount of work she can do beyond that baseline because she has more time for those activities. That level serves as a sort of baseline – the work moms do for free, so to speak, because of the nature of their responsibilities as mothers. In other words, all moms have to do some level of childcare and housework regardless of whether they also work outside of the home. If you don’t do this step, you are not getting at the marginal benefit derived from being a stay-at-home mom.” “That way you isolate the extra production that occurs due to the fact that the woman is stay-at-home mom. “You would do the same thing you just did, but then subtract out the market value of production done by working moms,” Strow said. Then you would add up the amount earned for every activity to get the total value of a stay-at-home mom’s production.īut you would add another variable to your calculations if you looked at this like an economist. If you did this like an accountant, you would multiply the number of hours spent on each activity by the hourly wage someone in that type of industry earns, Strow said. ![]() The next step is to figure out how much how much the activities a stay-at-home mom does are worth. Read: How Much the US Minimum Wage Has Changed Since the Year You Were Born Travel related to caring for and helping household children: 0.33 hours According to the ATUS, the average amount of time married mothers who are not employed and are in a household with a child under age 18 spend a total of 6.29 hours daily on child-care and household-related tasks.Ĭaring for and helping household children: 2.59 hours The best source of information about how much time people spend doing various activities is the Labor Department’s American Time Use Survey. Brian Strow, Western Kentucky University’s BB&T Professor for the Study of Capitalism. “The first step is to know how the average stay-at-home mother spends her day,” said Dr. So an economist would apply this standard when figuring how much a mom would be worth. Workers often get paid based on how many hours they toil at their jobs. ![]()
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