According to the National Network for Women's Employment, there are two key methods to determine the economic value of work homemakers provide to their family and home: opportunity cost (the value of what someone gives up to be a homemaker, such as the income they could earn from a job) and replacement cost (determining what it would cost to replace a homemaker with a variety of paid workers performing the different tasks or one individual performing all homemaking tasks). These valuation methods provide a basis for calculation, but they also have flaws due to life variables. For more information, go to Pennsylvania Women Work! at or www.womenwork.org. We would like your feedback on this Personal Finance Frequently Asked Question.

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