The Effects of Transactions Costs on Labor Market Participation and Earnings: Evidence from Rural Philippine Markets

Leonardo Lanzona and Robert E. Evenson ()
Additional contact information
Robert E. Evenson: Economic Growth Center, Yale University

Working Papers from Economic Growth Center, Yale University

Abstract: The paper aims to measure transaction costs and its effects on labor market participation and on wage earnings. The observed differences between between buying and selling prices of rice across households are used to calculate transaction costs indices for villages which are incorporated into the standard labor market participation and Mincer wage equations. The estimates indicate that transaction costs may be a source of the income differentials between (a) the landed and the landless, (b) the rural and the urban areas, and (c) the males and the females. Furthermore, biases can noted in the regression coefficients of estimates that do not control for transaction costs.

Keywords: Transaction Costs; Labor Market Participation; Philippines (search for similar items in EconPapers)
Pages: 25 pages
Date: 1997-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.econ.yale.edu/growth_pdf/cdp790.pdf (application/pdf)

Related works:
Working Paper: The Effects of Transaction Costs on Labor Market Participation and Earnings: Evidence from Rural Philippines Markets (1997)
Working Paper: The Effects of Transaction Costs on Labor Market Participation and Earnings: Evidence from Rural Philippine Markets (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:egc:wpaper:790

Access Statistics for this paper

More papers in Working Papers from Economic Growth Center, Yale University Contact information at EDIRC.
Bibliographic data for series maintained by Benjamin King ( this e-mail address is bad, please contact ).