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http://dx.doi.org/10.12653/jecd.2021.28.3.0153

A Comparison Analysis of the Labor Efficiency between Quality-Adjusted Labor and Quality-Unadjusted Labor in Jeju Mandarin Production -Based on the Difference in Market Wages-  

Lee, Bong-Sil (Department of Agricultural economics, Jeju National University, Jeju Special Self-Governing Province Agricultural Research & Extension Services)
Yu, Young-bong (Department of Agricultural Economics, Jeju National University)
Publication Information
Journal of Agricultural Extension & Community Development / v.28, no.3, 2021 , pp. 153-165 More about this Journal
Abstract
This study aims to analyze the difference in production elasticity based on the types of agricultural labor input regarding its qualitative difference in Jeju mandarin production. To estimate the production function of qualityadjusted labor, we have set up a Quality-Adjusted Index based on the market wage of the agricultural field. We have conducted a multiple regression analysis of the newly estimated labor inputs using the Ordinary Least Squares regression. Results show that the production efficiency of aggregate total labor hours (quality-unadjusted labor input) is overestimated compared to quality-adjusted labor with qualitative labor homogeneity. Moreover, by analyzing household labor and employment labor, we have observed that the marginal productivity of household labor exceeds that of employment labor. In conclusion, this study verifies that securing labor input homogeneity is crucial for analyzing agricultural labor hours' economic efficiency accurately.
Keywords
quality-adjusted labor; labor effciency; homogeneity; agricultural labor; mandarin production;
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Times Cited By KSCI : 1  (Citation Analysis)
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