Labor supply, income, and welfare of the farm household

dc.citation.doi10.1016/j.labeco.2012.03.004en_US
dc.citation.epage437en_US
dc.citation.issue3en_US
dc.citation.jtitleLabour Economicsen_US
dc.citation.spage427en_US
dc.citation.volume19en_US
dc.contributor.authorChang, Yang-Ming
dc.contributor.authorHuang, Biing-Wen
dc.contributor.authorChen, Yun-Ju
dc.contributor.authoreidymchangen_US
dc.date.accessioned2012-08-09T19:33:46Z
dc.date.available2012-08-09T19:33:46Z
dc.date.issued2012-06-01
dc.date.published2012en_US
dc.description.abstractConsidering 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.identifier.urihttp://hdl.handle.net/2097/14165
dc.relation.urihttp://doi.org/10.1016/j.labeco.2012.03.004en_US
dc.rightsThis Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
dc.rights.urihttps://rightsstatements.org/vocab/InC/1.0/
dc.subjectOff-farm labor supplyen_US
dc.subjectFamily and hired laboren_US
dc.subjectOff-farm employment constraintsen_US
dc.titleLabor supply, income, and welfare of the farm householden_US
dc.typeArticle (author version)en_US

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