The Effect of Land Assets on the Decision Making of Farm Households

• 발행기관: 한국부동산연구원
• 저자명: Won-chul Kang
• 간행물 정보: 『부동산연구』제14권 제2호, 231~251쪽, 전체 21쪽
• 주제분류: 사회과학 > 지역개발
• 파일형태: PDF
• 발행일자: 2004.12.30

영문 초록

This paper analyzes the decision making of Japanese farm households, with special reference to farm land assets. For the relevant explanation of the behavior of farm household, we propose the New Keynesian model with limited labor markets. The proposed model adequately explains the existing wage differentials, also addresses changes in land assets due to rapidly rising land prices and their effects on production organization and consumption choice of farm households. The main one of empirical results is the increase in land price facilitates the introduction of farm machinery to farming which saves labor in farming, and promotes the outflow of labor.

목차

Ⅰ. Introduction

Ⅱ. The Model

Ⅲ. Optimality Conditions and Their Implications

Ⅳ. Demands for Farm Inputs and Leisure Hours

Ⅴ. Comparative Statics Analysis

Ⅵ. Empirical Implementation

Ⅶ. Empirical Results

Ⅷ. Concluding Remarks

키워드

land asset labor morket work hours wage differentials