Labour Supply And Off‐Farm Work By Farmers: Theory And Estimation
AbstractOff-farm employment has become increasingly important as an aspect of resource adjustment and a source of income in Australian agriculture. However, it is surprising that there is a paucity of work on this topic reported in the agricultural economics literature. Therefore, we have drawn upon recent developments in labour economics in order to investigate off-farm employment in Australia. A conceptual model of the allocation of a farmer's labour between farm and off-farm work is developed and applied to cross-sectional data from the Australian Agricultural and Grazing Industries Survey. A Tobit maximum likelihood procedure is utilised to test the influences of the life cycle, level of human capital, wealth, non-wage income and farm income on the off-farm labour supply of farmers.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural and Resource Economics.
Volume (Year): 26 (1982)
Issue (Month): 1 (04)
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-8489
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Other versions of this item:
- Robinson, Chris & McMahon, Pat J. & Quiggin, John C., 1982. "Labour Supply And Off-Farm Work By Farmers: Theory And Estimation," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(01), April.
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