Chang, Yang-Ming; Huang, Biing-Wen; Chen, Yun-Ju - In: Labour Economics 19 (2012) 3, pp. 427-437
Considering family labor and hired labor as heterogeneous inputs, we present a theoretical framework in which the optimal decisions of a farm household on on-farm family and hired labor, off-farm labor supply, and leisure are determined uniquely and endogenously. Focusing on two alternative...