Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

LABOUR SUPPLY AND OFF‐FARM WORK BY FARMERS: THEORY AND ESTIMATION

LABOUR SUPPLY AND OFF‐FARM WORK BY FARMERS: THEORY AND ESTIMATION Off‐farm employment has become increasingly important as an aspect of resource adjustment and a source of income in Australian agriculture. However, it is surprising that there is a paucity of work on this topic reported in the agricultural economics literature. Therefore, we have drawn upon recent developments in labour economics in order to investigate off‐farm employment in Australia. A conceptual model of the allocation of a farmer's labour between farm and off‐farm work is developed and applied to cross‐sectional data from the Australian Agricultural and Grazing Industries Survey. A Tobit maximum likelihood procedure is utilised to test the influences of the life cycle, level of human capital, wealth, non‐wage income and farm income on the off‐farm labour supply of farmers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

LABOUR SUPPLY AND OFF‐FARM WORK BY FARMERS: THEORY AND ESTIMATION

Loading next page...
 
/lp/wiley/labour-supply-and-off-farm-work-by-farmers-theory-and-estimation-4hAIfQVDsQ

References (8)

Publisher
Wiley
Copyright
Copyright © 1982 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1982.tb00406.x
Publisher site
See Article on Publisher Site

Abstract

Off‐farm employment has become increasingly important as an aspect of resource adjustment and a source of income in Australian agriculture. However, it is surprising that there is a paucity of work on this topic reported in the agricultural economics literature. Therefore, we have drawn upon recent developments in labour economics in order to investigate off‐farm employment in Australia. A conceptual model of the allocation of a farmer's labour between farm and off‐farm work is developed and applied to cross‐sectional data from the Australian Agricultural and Grazing Industries Survey. A Tobit maximum likelihood procedure is utilised to test the influences of the life cycle, level of human capital, wealth, non‐wage income and farm income on the off‐farm labour supply of farmers.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Apr 1, 1982

There are no references for this article.