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Household Capital/Labor Ratios In Farm Families

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  • Bryant, W. Keith

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?

Suggested Citation

  • Bryant, W. Keith, 1976. "Household Capital/Labor Ratios In Farm Families," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283996, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea76:283996
    DOI: 10.22004/ag.econ.283996
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    Keywords

    Consumer/Household Economics;

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