OFF-FARM LABOR SUPPLY AND THE VALUE OF THE FARM OPERATOR'S TIME

T. F. Glover

No 284062, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The purpose of this paper is to derive a common set of parameters which underlie the functions determining the probability that a farm operator works off the farm (at the zero off-farm work days position), this days of work, off-farm daily wage, and his asking wage. Two functions are derived. The first describes the behavior of the off-farm daily wage faced by the operator. The second function determines the value of the asking wage, which is the value the farm operator places on his time.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Pages: 15
Date: 1975-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284062

DOI: 10.22004/ag.econ.284062

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