Effect of Farm Income and Off-Farm Wage Variability on Off-Farm Labor Supply

This study models the effects of variability in farm income and off-farm wages on farm operators' labor allocation decisions. A simple theoretical model is employed to develop hypotheses, which are then tested empirically. Variability in farm income and off-farm wages is predicted to have a positive and negative effect, respectively, on off-farm hours worked. The empirical results confirm these predictions.


Issue Date:
2002-10
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/31393
PURL Identifier:
http://purl.umn.edu/31393
Published in:
Agricultural and Resource Economics Review, 31
2
Page range:
187-199
Total Pages:
13




 Record created 2017-04-01, last modified 2020-10-28

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