Spotlight on The Dollar Value of a Day
The 2020 version of The Dollar Value of a Day (DVD) is available at Expectancy Data. The DVD combines time-use estimates by the American Time Use Survey with market-based estimates of the value of time for all activities conducted in a day. The DVD tables are used by forensic economists, government analysts, and the September 11th Victim Compensation Fund to estimate the market value of household services produced in the United States for various types of households.
The DVD has been accepted in various courts, including Riggio v. Pruneda, 2019 U.S. Dist. LEXIS 214222 (S.D. MS. 12-12-2019), Dallas v. Premier Vehicle Transp., Inc., No. 1:16CV358-LG- RHW, 2017 WL 3623750, at *3 (S.D. Miss. Aug. 23, 2017), and Ashford v. Wal-Mart Stores, LP, No. 1:11-CV-57-HSO-JMR, 2013 WL 152853, at *5 (S.D. Miss. Jan. 15, 2013).
And the importance of using a source like the DVD was recently highlighted by a federal judge, stating, “With regard to household services, as opposed to actual employment, the total time spent by a person on those services during an average week is not measured by a time-clock. The services performed by one member of the home, and/or the time spent performing the same, may go unnoticed or simply unmeasured by another member of the household. Accordingly, many economists commonly rely on studies which estimate the time spent on household services, taking into account the size of the family, whether each family member works, their age, etc. - one such study being The Dollar Value of a Day: 2007 Dollar Valuation, Shawnee Mission, Kansas, 2011. Aguero v. Gayoso, No. CV20090309, 2013 WL 7020461, at *3 (Cir. Ct. Desoto Cty., Miss. Sept. 4, 2013).”