Hysteresis And The Shortage Of Agricultural Labor
AbstractThe GAO disputes growers' claims of a labor shortage, using unreliable farm employment data rather than relative wages. A shortage, implying a failure of intersectoral arbitrage, may arise due to hysteresis in labor movement. Estimates find the probability of a farm labor shortage (30%) three times that of a surplus.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1998 Annual meeting, August 2-5, Salt Lake City, UT with number 20858.
Date of creation: 1998
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