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Marginal Analysis of Income Mobility Effects by Income Source with an Application to the Agricultural Policy Mix

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  • Paul Allanson

Abstract

The Note makes novel use of a decomposition of the Shorrocks mobility index by income source to identify the impact on farm income mobility of a marginal change in each component of income. 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 reduced the variability of relative farm incomes in Scottish agriculture.

Suggested Citation

  • Paul Allanson, 2019. "Marginal Analysis of Income Mobility Effects by Income Source with an Application to the Agricultural Policy Mix," Journal of Agricultural Economics, Wiley Blackwell, vol. 70(1), pages 259-266, February.
  • Handle: RePEc:bla:jageco:v:70:y:2019:i:1:p:259-266
    DOI: 10.1111/1477-9552.12274
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    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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