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

Ashok K. Mishra, Duncan M. Holthausen
2002 Agricultural and Resource Economics Review  
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.
doi:10.1017/s1068280500003993 fatcat:5a4cgiza4ncgtjnp4j523wxvfa