000018225 001__ 18225
000018225 005__ 20180122201016.0
000018225 037__ $$a1043-2016-85320
000018225 041__ $$aen
000018225 245__ $$aOFF-FARM LABOR SUPPLY RESPONSES TO PERMANENT AND TRANSITORY FARM INCOME
000018225 260__ $$c2003
000018225 269__ $$a2003
000018225 270__ $$mcwkwon@iastate.edu$$pKwon,   Chul-Woo
000018225 270__ $$mpfo@iastate.edu$$pOrazem,   Peter F.
000018225 270__ $$mdmotto@iastate.edu$$pOtto,   Daniel
000018225 300__ $$a31
000018225 336__ $$aWorking or Discussion Paper
000018225 446__ $$aEnglish
000018225 490__ $$aWorking Paper  03020
000018225 520__ $$aA sample of Iowa farm couples is used to evaluate whether off-farm labor supply decisions respond to permanent and transitory components of farm income.  Off-farm labor supply of both spouses declines in response to increases in permanent farm income.  Farm wives also reduce off-farm labor supply in response to positive transitory farm income shocks.  Consequently, one mechanism farm households use to smooth their goods consumption when facing fluctuating farm income is to modify their consumption of leisure.  Ability to smooth goods consumption does not imply the absence of liquidity constraints among farm households unless leisure consumption is also smoothed.
000018225 650__ $$aAgricultural Finance
000018225 650__ $$aLabor and Human Capital
000018225 700__ $$aKwon, Chul-Woo
000018225 700__ $$aOrazem, Peter F.
000018225 700__ $$aOtto, Daniel M.
000018225 8564_ $$s259242$$uhttp://ageconsearch.umn.edu/record/18225/files/wp030020.pdf
000018225 887__ $$ahttp://purl.umn.edu/18225
000018225 909CO $$ooai:ageconsearch.umn.edu:18225$$pGLOBAL_SET
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wp030020.pdf: 259242 bytes, checksum: d0bc7450736f41cc63a8bedbb93e4cb0 (MD5)
  Previous issue date: 2003
000018225 982__ $$gIowa State University>Department of Economics>Working Papers
000018225 980__ $$a1043