HYSTERESIS AND THE SHORTAGE OF AGRICULTURAL LABOR
Amy Bryant and
Timothy Richards
No 20858, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
The GAO disputes growers' claims of a labor shortage, using unreliable farm employment data rather than relative wages. A shortage, implying a failure of intersectoral arbitrage, may arise due to hysteresis in labor movement. Estimates find the probability of a farm labor shortage (30%) three times that of a surplus.
Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Pages: 18
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20858
DOI: 10.22004/ag.econ.20858
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