Income risk and allocation of labour time: an empirical investigation

被引：10
|
作者：
Mishra, AK
Goodwin, BK
机构：
[1] USDA, Serv Econ Res, Resource Econ Div, Washington, DC 20250 USA
[2] N Carolina State Univ, Dept Agr & Resource Econ, Raleigh, NC 27695 USA
来源：
APPLIED ECONOMICS | 1998年 / 30卷 / 12期
关键词：
D O I：
10.1080/000368498324634
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the behaviour of risk averse farm operators in response to farm income and employment variability. Economic theory maintains that greater farm income variability should increase off-farm labour supply. On the other hand greater off-farm employment variability should decrease off-farm labour supply. This effect is confirmed for a sample of farm operators in North Carolina and Kansas using fixed and random effects models. Off-farm employment of farm operators is also found to be significantly influenced by age, efficiency, asset value, and off-farm wage rate.
引用
收藏
页码：1549 / 1555
页数：7
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