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Provedor de dados:  AgEcon
País:  United States
Autores:  Parliament, Claudia
Tsur, Yacov
Zilberman, David
Data:  2001-08-10
Ano:  1986
Palavras-chave:  Labor and Human Capital
Resumo:  Understanding the allocation of labor between collective and private activities within cooperatives has been an issue of interest for economists and policy makers. This paper extends existing literature by incorporating income uncertainty from both private and collective activities, and by assuming that members are risk averse. The analysis suggests a member's labor response to policy parameters can be decomposed into three components: the mean effect, reflecting the labor response under certainty or risk neutrality; the variance effect, reflecting the response to changes in risk; and the wealth effect, reflecting the response to changes in risk aversion associated with changes in wealth. The analysis demonstrates the labor response may be reversed from the certainty or risk neutral case, due to a stronger, opposing variance effect.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  3391
Editor:  AgEcon Search
Relação:  University of Minnesota>Department of Applied Economics>Staff Papers
Staff Paper P86-19
Formato:  27


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