Labor supply, income, and welfare of the farm household

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Show simple item record Chang, Yang-Ming Huang, Biing-Wen Chen, Yun-Ju 2012-08-09T19:33:46Z 2012-08-09T19:33:46Z 2012-08-09
dc.description.abstract Considering family labor and hired labor as heterogeneous inputs, we present a theoretical framework in which the optimal decisions of a farm household on on-farm family and hired labor, off-farm labor supply, and leisure are determined uniquely and endogenously. Focusing on two alternative settings with and without off-farm employment constraints, we show that imperfect substitutability between family labor and hired labor is not critical to the separation of household production and consumption. The validity of the separation proposition is shown to depend crucially on whether or not the availability of off-farm job opportunities is limited. We further examine how changes in external economic conditions and government policies affect the time allocation decisions of the household, as well as the composition of household income (i.e., on-farm income and off-farm labor earnings). en_US
dc.relation.uri en_US
dc.subject Off-farm labor supply en_US
dc.subject Family and hired labor en_US
dc.subject Off-farm employment constraints en_US
dc.title Labor supply, income, and welfare of the farm household en_US
dc.type Article (author version) en_US 2012 en_US
dc.citation.doi doi:10.1016/j.labeco.2012.03.004 en_US
dc.citation.epage 437 en_US
dc.citation.issue 3 en_US
dc.citation.jtitle Labour Economics en_US
dc.citation.spage 427 en_US
dc.citation.volume 19 en_US
dc.contributor.authoreid ymchang en_US

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