000124766 001__ 124766
000124766 005__ 20180122221344.0
000124766 037__ $$a323-2016-11416
000124766 041__ $$aen_US
000124766 084__ $$aJ43
000124766 084__ $$aJ22
000124766 084__ $$aQ12
000124766 084__ $$aQ18
000124766 245__ $$aWelfare Implications of a Reduction in Government Payments: The Role of Fringe Benefits
000124766 260__ $$c2012
000124766 269__ $$a2012
000124766 300__ $$a31
000124766 336__ $$aConference Paper/ Presentation
000124766 520__ $$aIn the past three decades, farm families have relied on government payments and off-farm
income to reduce income risk and increase total household income. Studies have shown that, as
income effect dominates, government payments tend to reduce off-farm labor of farm operators
and spouses. But that may not be true if one accounts for fringe benefits associated with off-farm
employment. Additionally, with looming budget deficits and the possibility of a reduction in
decoupled government payments, farm families may be facing an altered economic environment.
Our study addresses this issue by examining the links between government farm program
payments and the ever-important role of fringe benefits in the off farm employment of farm
couples. Result from farm-level data actually show that the marginal effect of government
payments on hours worked off-farm will decrease in magnitude when accounting for fringe
benefits, ceteris paribus. These results support the notion that farm households’ welfare loss
stemming from reduced decoupled payments may be overstated when models exclude fringe
benefits from the estimation of off-farm labor supply.
000124766 542__ $$fLicense granted by Elizabeth Hilber (hilb0033@umn.edu) on 2012-06-05T18:50:32Z (GMT):

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000124766 650__ $$aAgricultural and Food Policy
000124766 650__ $$aFarm Management
000124766 6531_ $$aagricultural policy
000124766 6531_ $$adecoupled government payments
000124766 6531_ $$afringe benefits
000124766 6531_ $$afarm
households
000124766 6531_ $$aTobit
000124766 6531_ $$awelfare loss
000124766 700__ $$aD'Antoni, Jeremy M.
000124766 700__ $$aMishra, Ashok K.
000124766 700__ $$aJoo, Hyunjeong
000124766 8564_ $$s337161$$uhttp://ageconsearch.umn.edu/record/124766/files/Welfare%20Implications%20of%20a%20Reduction%20in%20Government%20Payments_final%20_1_.pdf
000124766 887__ $$ahttp://purl.umn.edu/124766
000124766 909CO $$ooai:ageconsearch.umn.edu:124766$$pGLOBAL_SET
000124766 912__ $$nSubmitted by Elizabeth Hilber (hilb0033@umn.edu) on 2012-06-05T18:56:14Z
No. of bitstreams: 1
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000124766 912__ $$nMade available in DSpace on 2012-06-05T18:56:16Z (GMT). No. of bitstreams: 1
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  Previous issue date: 2012
000124766 982__ $$gAgricultural and Applied Economics Association>2012 Annual Meeting, August 12-14, 2012, Seattle, Washington
000124766 980__ $$a323