A study of the time allocation and full income of the Laguna households
In investigating the interrelationship of time allocation and full income of the Laguna farmers, this study follows the theory of the New Household Economics. The theory treats time, the only common resource available to all individuals, as an economic resource. Time, due to its scarcity and high value, is recognized as the critical factor in analyzing economic behaviour. The efforts, or lack of them, of individuals could only be analyzed through time. The hypothesis implicitly being...[Show more]
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