Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/9938
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dc.contributor.authorDatta, Samar K.
dc.contributor.authorNugent, J. B.
dc.contributor.authorTishler, Asher
dc.date.accessioned2010-10-25T08:37:49Z
dc.date.available2004-10-25T08:37:49Z
dc.date.copyright2004
dc.date.issued2010-10-25T08:37:49Z
dc.identifier.urihttp://hdl.handle.net/11718/9938
dc.description.abstractA two-agent general-equilibrium model is developed for explaining the mix of wage payment between cashand kind among landowners and workers. Its focus is on how, in the absence of insurance instruments butin the presence of heterogeneous tastes and attitudes toward risk among agents, the payment mix betweencash and kind can serve as a welfare-improving, risk-hedging device. The model is used to determine howthis optimal mix of wage payment would be affected by changes in risk-aversion, consumption preferences,technology, price risk, and production risk. While the complexity and nonlinearity of the model make itimpossible to obtain clear-cut analytical results, simulation results are derived and shown to be rather robust.These results are also broadly supported by the findings of a small-scale survey of agricultural wage con-tracts in India.
dc.description.sponsorshipReview of Development Economics, Vol. 8, No. 4, (November 2004), pp. 521-540en
dc.language.isoenen
dc.subjectCashen
dc.subjectWageen
dc.subjectAgrarian Economyen
dc.titleContractual mix between cash and kind wages of casual workers in an Agrarian economyen
dc.typeArticleen
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