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Australian Journal of Agricultural Economics >
Volume 18, Number 03, December 1974 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/22893
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| Title: | EFFECTS ON FARM INCOMES AND RURAL LABOUR OF A RELATIVE INCREASE IN WAGES |
| Authors: | Ryan, James G.
Duncan, Ronald C. |
| Issue Date: | 1974-12 |
| Abstract: | We use the concept of the elasticity of farm incomes with respect to changes in input prices to analyse the effects of a large increase in relative wages on selected measures of farm incomes. In order to estimate the elasticity of farm incomes we have to estimate elasticities and cross-elasticities of demand and supply for farm labour and capital. The estimates of elasticity of demand for operator and hired labour allow us to calculate the impact of a rise in wages on numbers of farmers and hired labour employed in agriculture. |
| URI: | http://purl.umn.edu/22893 |
| Institution/Association: | Australian Journal of Agricultural Economics>Volume 18, Number 03, December 1974 |
| Total Pages: | 15 |
| Language: | English |
| From Page: | 193 |
| To Page: | 207 |
| Collections: | Volume 18, Number 03, December 1974
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| 18030193.pdf | 767Kb | PDF | View/Open |
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