Induced Innovations and Foreign Workers in U.S. Agriculture
A cost function approach of induced innovation is used to measure the biases in U.S. agricultural technology between 1948-1994. The results show significant labor-saving, capital-using technical change. Focusing on the impact of migration policy on labor-saving technology, a simulaton of different rates of labor-saving technical change is conducted. The simulation shows decreases in elasticity of labor demand and demand quantity, and an increase in wage rate as technology becomes more labor-saving.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.iatpc.ifas.ufl.edu/|
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14205, University of Minnesota, Department of Applied Economics.
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