Marginal Analysis of Income Mobility Effects by Income Source with an Application to the Agricultural Policy Mix

Paul Allanson

Journal of Agricultural Economics, 2019, vol. 70, issue 1, 259-266

Abstract: The Note makes novel use of a decomposition of the Shorrocks mobility index by income source to identify the impact on farm income mobility of a marginal change in each component of income. An empirical application shows that a revenue‐neutral change in the balance of agricultural protection between market‐based support and direct payments would not have reduced the variability of relative farm incomes in Scottish agriculture.

Date: 2019
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https://doi.org/10.1111/1477-9552.12274

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Working Paper: Marginal analysis of income mobility effects by income source with an application to the agricultural policy mix (2017)
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