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

Ashok Mishra () and Duncan M. Holthausen

Agricultural and Resource Economics Review, 2002, vol. 31, issue 2, 187-199

Abstract: 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.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:cup:agrerw:v:31:y:2002:i:02:p:187-199_00

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