Marginal analysis of income mobility effects by income source with an application to the agricultural policy mix

Paul Allanson

No 299, Dundee Discussion Papers in Economics from Economic Studies, University of Dundee

Abstract: The note proposes a novel decomposition of the Shorrocks mobility index by income components to identify the impact on farm income mobility of a marginal change in each component. 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 had the effect of reducing the variability of relative farm incomes in Scottish agriculture.

Keywords: farm income mobility; decomposition by income source; agricultural policy analysis (search for similar items in EconPapers)
JEL-codes: D31 D63 Q18 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2017-08
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Journal Article: Marginal Analysis of Income Mobility Effects by Income Source with an Application to the Agricultural Policy Mix (2019)
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