Economic Position of Farm Families When Money Income and Net Worth Are Combined

Thomas A. Carlin

Journal of Agricultural Economics Research, 1973, vol. 25, issue 3, 11

Abstract: Farm families have historically had lower money incomes and a less equal distribution of money income than nonfarm families. However, when net worth was included in a measure of economic well-being for farm families, the median level increased and inequality in the distribution decreased. The distribution of well-being of U.S. farm families in 1966 closely approximated that of all U.S. families when the broader well-being measure was used.

Keywords: Agribusiness; Consumer/Household Economics; Farm Management (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147149

DOI: 10.22004/ag.econ.147149

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