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An Empirical Method for a Model of Self‐Employed Households

An Empirical Method for a Model of Self‐Employed Households 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 self‐ employed 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Family & Consumer Sciences Research Journal Wiley

An Empirical Method for a Model of Self‐Employed Households

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References (14)

Publisher
Wiley
Copyright
Copyright © 2002 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1077-727X
eISSN
1552-3934
DOI
10.1177/1077727X02030004006
Publisher site
See Article on Publisher Site

Abstract

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 self‐ employed 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.

Journal

Family & Consumer Sciences Research JournalWiley

Published: Jun 1, 2002

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