AGRICULTURAL HOUSEHOLD MODEL WITH WAGE UNCERTAINTY: AN APPLICATION TO SUBSIDIARY POST-SOVIET AGRICULTURE

Kurkalova, Lyubov A.; Jensen, Helen H.

doi:10.22004/ag.econ.21527

AGRICULTURAL HOUSEHOLD MODEL WITH WAGE UNCERTAINTY: AN APPLICATION TO SUBSIDIARY POST-SOVIET AGRICULTURE

The labor supply decision under wage uncertainty is studied in the context of an agricultural household model. The recent sharp growth of post-Soviet subsidiary subsistence agriculture is consistent with the model predictions of an increase in farm labor supply in response to the fall and uncertainty in real wage.

Subject(s):

Consumer/Household Economics
Labor and Human Capital

Issue Date:

1999

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.21527

Record Identifier:

https://ageconsearch.umn.edu/record/21527

PURL Identifier:

http://purl.umn.edu/21527