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A study by Salay.com about what stay at home moms are worth has been getting some press today. They estimate that it would cost $134k per year to hire someone to be a stay at home mom. You can read the full story here (
link). A lot of the assumptions and methods are pretty bad, but the study is probably just done for publicity.
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tons of stuff on this topic... how much is "stay at home mom" worth in terms of GDP etc. last weeks economist had an article about the affects of the differences between male & female employment. they found a counter-intuitive result where the countries surveyed whose male - female unemployment rate is highest (fewest females relative to males employed) had lower rates of fertility:
"Where the gap between male & female employment rates is small, women tend to have more babies. the reason seems to be that in countries where taxes on second earners are high or affordable child care is hard to find, women must often choose between children and work, especially if their incomes are low. Where second earners are not penalised by taxes or where child care is cheap or subsidised, they can have both."
interesting thoughts on the subject.
$134k seems a bit high, if i were to ball park guess id say it's the same as a live in nanny...that'd probably run ya 50-75k.
i guess one way to think about it is if you were a women (bear with me here), how much would you have to be paid to do that job...or, how much would you pay to NOT have to do that job??
Barron