An Empirical Method for a Model of Self-Employed Households  

Oleh:

Sonoda, Tadashi

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Family and Consumer Sciences Research Journal vol. 30 no. 4 (Jun. 2002), page 540-553.
Fulltext: 540fcs304.pdf (99.23KB)

Isi artikel

This article presents an empirical method for a simple model of self-employed households. In this model, the “internal wage” plays a crucial role of equilibrating the demand and supply of family labor within the household. By paying special attention to this wage, all structural parameters of the model can be estimated and are used to verify the seemingly anomalous characteristics of selfemployed households: They earn less (per hour or week) and work longer than salary and wage workers and their own price elasticity of output supply is small or negative.

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