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Off-Farm Labor Supply And The Value Of The Farm Operator'S Time

Author

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  • Glover, T. F.

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.

Suggested Citation

  • Glover, T. F., 1975. "Off-Farm Labor Supply And The Value Of The Farm Operator'S Time," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284062, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea75:284062
    DOI: 10.22004/ag.econ.284062
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    Keywords

    Labor and Human Capital;

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