The demand for domestic services, capital services, wife's home time, and other inputs: an econometric analysis of technical and other changes affecting U.S. households, 1900-1985
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The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).
History
The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.
Dates of Existence
1898–present
Historical Names
- Department of Economic Science (1898–1910)
- Department of Economics and Political Science (1910-1913)
- Department of Applied Economics and Social Science (1913–1924)
- Department of Economics, History and Sociology (1924–1931)
- Department of Economics and Sociology (1931–1967)
Related Units
- College of Agricultural and Life Sciences (parent college)
- College of Liberal Arts and Sciences (parent college)
- College of Business (parent college)
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Abstract
The primary purpose of this study is to examine the long-term changes in household production caused by technical and other changes in the United States. The household production model was employed to development of conceptual framework for viewing household decisions on inputs into household production and labor supply;In the empirical analyses, two methodologies were used. First, a VAR (vector autoregression) model was employed to examine the long-term relationships among six aggregate U.S. variables, 1900-1985: the number of immigrants, price of household durable goods, the unemployment rate, average household income, the number of domestic service workers, and the wage rate of domestic servants. The results revealed significant interactions and causal relations between variables in the specified VAR system;Second, a set of household input demand functions were fitted to the aggregate data for 1948-1985 using the almost-ideal-demand system (AIDS). Plausible and significant results were obtained from the six equation demand system consists of domestic services, services of household durable goods, commercial laundry and cleaning services, food away from home, wife's home time, and residual category.