Shadow Wages and Shadow Income in Farmers’ Labor Supply Functions

American Journal of Agricultural Economics - Tập 91 Số 3 - Trang 685-696 - 2009
Kien Le1
1University of Virginia Weldon Cooper Center for Public Service

Tóm tắt

AbstractThis article extends the current literature on estimating the labor supply function in agriculture by providing a different method to derive the shadow wage and shadow income. The method is based on the observation that the shadow wage is the marginal product of labor at the optimal point of both farm and household production functions. Thus, under certain assumptions on the functional form of the production functions, both the shadow wage and shadow income can be derived without estimating the production function. Using a sample of Vietnamese farmers, the results from the new method are shown to be consistent with the theory.

Từ khóa


Tài liệu tham khảo

10.1111/j.1574-0862.2000.tb00077.x

10.1111/j.1574-0862.2007.00278.x

10.2307/1927108

Hall R., 1973, Income Maintenance and Labor Supply, 102

10.1111/j.1467-8276.2007.01012.x

Hausman J., 1981, How Taxes Affect Economic Behavior, 27

10.2307/2298105

10.1016/B978-0-444-81969-7.50008-X

2006 G. Seshan The Impact of Trade Liberalization on Household Welfare in a Developing Country

1986 Oxford University Press Baltimore I. Singh L. Squire J. Strauss Agricultural Household Models

10.2307/1243623

10.2307/1244456

10.1016/0305-750X(93)90112-M

Van De WalleD. CrattyD.Is the Emerging Non‐Farm Market Economy the Route Out of Poverty in Vietnam2003World Bank Policy Research Paper. No 2950

2002 Oxford University Press MA J. Wooldridge Econometric Analysis of Cross Section and Panel Data

10.1017/CBO9780511615887

Thông tin
Thông tin xuất bản

American Journal of Agricultural Economics

Tập 91 Số 3

685-696

Thông tin tác giả