Using Shadow Wages to Estimate Labor Supply of Agricultural Households
针对发展中国家农业家庭的生产与消费决策不可分离的问题，利用印度农村数据，从柯布-道格拉斯生产函数中估算家庭男女劳动力的影子工资，并将其用于劳动力供给的结构模型。
Abstract With few exceptions, most studies of the labor demand and supply decisions of agricultural households in developing countries have relied on the empirical advantages of separability. Given the questionable nature of some of the assumptions sufficient for separability, I apply a recent methodology that accounts for the simultaneity between the production and consumption decisions of a farm household. Using data from rural India, direct estimates of the marginal productivities (shadow wages) of family male and female labor are derived from a Cobb‐Douglas agricultural production function. The estimated shadow wages and income are then used as regressors in a structural model of labor supply.