Tests For Labor Market Efficiency In Burkina Faso
In this paper, we use data from the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) survey of households in Burkina Faso, to assess market efficiency. Two methods based on testable implications of the Agricultural Household Model (AHM) are used. The first is based on the observation that if markets clear at prevailing prices, the household labor allocation will be such that shadow wages equate to market wages... The second looks for significance of household structural parameters on labor demand ... The remainder of the paper is organized as follows. In Section II, we provide a brief review of the Agricultural Household Model, highlighting the effect of market failure on separability and the role of shadow prices. Section III describes the Burkinabe villages and summarizes the ICRISAT data. In section IV, we then conduct tests of the neoclassical model in order to assess the efficiency of the labor markets. In Section V, we discuss labor supply estimation given the non-linearity of the full-budget constraint on household behavior, and we estimate male and female labor supplies.
|Date of creation:||2003|
|Contact details of provider:|| Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202|
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ags:aaea03:22079. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.