Off-farm Income and Risky Investments: What Happens to Farm and Nonfarm Assets?

Off-farm work improves and reduces the riskiness of household income. Theoretical analyses reveal that the level and riskiness of off-farm income affect demand for farm/nonfarm investments. A two-limit Tobit model is estimated using ARMS data for 1996-2003. The impact on investment behaviour is evaluated.


Subject(s):
Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19480
Total Pages:
32
Series Statement:
Selected Paper 136422




 Record created 2017-04-01, last modified 2017-08-24

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