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An Application Of The Probit Model To The Decision To Farm

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  • Perry, Janet E.

Abstract

Maximwn likelihood estimation of a probit model is conducted to test the influence on the decision to farm of the expected earnings differential between farm and non-farm employment. National survey data for 1311 young men is used. Results are that young men seek a comparative advantage when deciding on employment.

Suggested Citation

  • Perry, Janet E., 1991. "An Application Of The Probit Model To The Decision To Farm," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271268, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271268
    DOI: 10.22004/ag.econ.271268
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    References listed on IDEAS

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    1. James J. Heckman & V. Joseph Hotz, 1986. "An Investigation of the Labor Market Earnings of Panamanian Males Evaluating the Sources of Inequality," Journal of Human Resources, University of Wisconsin Press, vol. 21(4), pages 507-542.
    2. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    3. Brian W. Gould & William E. Saupe, 1989. "Off-Farm Labor Market Entry and Exit," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 960-969.
    4. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    5. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, July.
    6. Robert D. Emerson, 1989. "Migratory Labor and Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(3), pages 617-629.
    7. Gary S. Becker, 1975. "Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition," NBER Books, National Bureau of Economic Research, Inc, number beck75-1, July.
    8. James J. Heckman & Thomas E. Macurdy, 1980. "A Life Cycle Model of Female Labour Supply," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(1), pages 47-74.
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