Hysteresis And The Shortage Of Agricultural Labor
The 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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- repec:cdl:agrebk:677080 is not listed on IDEAS
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