Development of land rental market and its effect on household farming in rural China : an empirical study in Zhejiang Province

This paper investigates the impact of land rental market development on the efficiency of labor allocation and land utilization in rural China. To test the hypothesis that the shadow wage of a rent-in household with limited off-farm opportunities will increase with the development of a land rental market for households, a statistical comparison between the shadow wage and the estimated market wage was conducted. The results showed that the shadow wage for both rent-in households and non-rent-in households was significantly lower than the market wage, but that the wage for the rent-in households was statistically higher than that for non-rent-in households in Fenghua and Deqing, the two counties surveyed in this study. In addition, the estimated marginal product of farmland for rent-in households was statistically higher than the actual land rent that those households paid, while a null hypothesis that the actual rental fee accepted by rent-out households is equivalent to the marginal product of farmland for those households was not rejected in Fenghua county where land transactions by mutual agreement were more prevalent. These results indicate that the development of the land rental market facilitates the efficiency of labor allocation and farmland utilization in rural China.

Relative Concerns on Visible Consumption: A Source of Economic Distortions

Do relative concerns on visible consumption give rise to economic distortions? We re-examine the question posited by Arrow and Dasgupta (2009) building upon their general framework but recognizing that relative concerns can only apply to visible goods (e.g., cars, clothing, jewelry) and that households consume both visible and non-visible goods. Contrary to Arrow and Dasgupta (2009), the answer to this question turns to be always affirmative: the competitive equilibrium will always be different than the socially optimal one, since individuals do not take into account the negative externality they exert on others through the consumption of the visible good, while the social planner does. If one invokes separability assumptions, then the steady state competitive equilibrium consumption of non-visible goods will be strictly lower than the socially optimal one.

Informe de recursos humanos /

Description based on: 1971 1972 1973.

Estado de empleo de la población civil no institucional. Employment status of the civilian noninstitutional population.

Mode of access: Internet.

Rural manpower dilemmas /

"A reprint from the 1971 Manpower Report of the President."

La main-d'oeuvre dans les Guyanes

Bibliography: p. [183]-199.

Development assistance strategies and emigration pressure in Europe and America /

Includes bibliographical references (p. [14]-16).

Postsecondary education and the new workforce /

"PLLI 96-8005"--P. [4] of cover.

Outlook, 1990-2005 /

"May 1992."

The manning table index.

Mode of access: Internet.

The skilled work force of the United States.

Mode of access: Internet.

Employment and income distribution objectives for A.I.D. programs and policies /

Includes bibliographical references.

Total nonagricultural employment in the South, 1939-1955.

Mode of access: Internet.

The American dream--equal opportunity ; report on the Community Leaders' Conference /

Mode of access: Internet.

Report.

Published in the Sessional papers since 1902.