Household R&D (or household innovation) is an important source of innovation that has to date been largely overlooked in research related to national accounts. Indeed, it is not currently counted as investment in the literatures on household production and human capital. This paper develops time...

The rise of free goods and the digital revolution have generated new interest in household activities and how they should be measured. Earlier research considered other household activities, including household production and human capital accumulation. Yet, one important household activity,...

Despite recent interest in measuring household activities, investment in household R&D (or household innovation), has not been considered in any of the literatures on national-accounts-style measurement. Household R&D is the dedication of household resources to creating a product or process that...