The off-farm labor supply of farmers
Extract: Theoretical and empirical models are developed to examine the off-farm wages, labor force participation, and hours of work of farmers. Econometric estimates use data from a 1971 survey of Illinois farmers. The off-farm wage depends on farmer human capital and the local labor market. The maj...
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| Veröffentlicht in: | American journal of agricultural economics 1982-08, Vol.64 (3), p.499-509 |
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| container_end_page | 509 |
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| container_title | American journal of agricultural economics |
| container_volume | 64 |
| creator | Sumner, D.A |
| description | Extract: Theoretical and empirical models are developed to examine the off-farm wages, labor force participation, and hours of work of farmers. Econometric estimates use data from a 1971 survey of Illinois farmers. The off-farm wage depends on farmer human capital and the local labor market. The major result confirms the sensitivity of off-farm work to economic incentives. A 10% increase in the off-farm wage entails an 11% increase in hours of off-farm work holding farm characteristics constant. Results also indicate effects of seasonality, risk, and life cycle factors on off-farm work |
| doi_str_mv | 10.2307/1240642 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0002-9092 |
| ispartof | American journal of agricultural economics, 1982-08, Vol.64 (3), p.499-509 |
| issn | 0002-9092 1467-8276 |
| language | eng |
| recordid | cdi_proquest_journals_1296595416 |
| source | Jstor Complete Legacy; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Complete; Oxford University Press Journals Digital Archive Legacy; Periodicals Index Online |
| subjects | Coefficients Crops Family farms Farm economics Farms Human capital Labor supply Marginal value off-farm work part-time farming rural labor markets Selection bias Wages |
| title | The off-farm labor supply of farmers |
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