HOUSEHOLD CAPITAL/LABOR RATIOS IN FARM FAMILIES

W. Keith Bryant

No 283996, 1976 Annual Meeting, August 15-18, State College, Pennsylvania from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The major insights provided by the so-called "new home economics" are that household activities are productive in nature and that they involve the use of the traditional factors of production. The implications are far-ranging and continue to be unpacked 10 years after the formal treatments by Becker, Lancaster and Muth [1, 6, 10]. The particular implications pursued in this paper have to do with the behavior of capital/labor ratios within the households, not the farms, of farm families. In particular, how do household capital/labor ratios of farm families respond to changes: in the prices of family members' time, in family income, in family size, and in certain characteristics of the farm enterprise?

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 14
Date: 1976-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea76:283996

DOI: 10.22004/ag.econ.283996

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