UNPAID LABOR AND THE HIDDEN ECONOMY: MEASURING WHAT GDP IGNORES
Keywords:
unpaid work, hidden economy, gross domestic product, informal sector, household work, economic measurements, welfare indicatorsAbstract
The article provides an in-depth analysis of the concepts of unpaid labor and the hidden economy, which are not reflected in the gross domestic product (GDP) indicator, but are important for society and economic stability. The study reveals the real economic value of household labor, care work, social reproductive labor, and economic activities carried out in the informal sector. SPA E SPA This article analyzes the limitations of the traditional GDP methodology, the consequences of not taking unpaid work into account, and the implications of this for gender equality, social justice, and economic policy. It also discusses methods for measuring unpaid work based on time distribution studies, satellite accounts, and alternative welfare indicators used in international practice.
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