EFFECTS ON FARM INCOMES AND RURAL LABOUR OF A RELATIVE INCREASE IN WAGES Report as inadecuate




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We use the concept of the elasticity of farm incomes with respect to changes in input prices to analyse the effects of a large increase in relative wages on selected measures of farm incomes. In order to estimate the elasticity of farm incomes we have to estimate elasticities and cross-elasticities of demand and supply for farm labour and capital. The estimates of elasticity of demand for operator and hired labour allow us to calculate the impact of a rise in wages on numbers of farmers and hired labour employed in agriculture.

Subject(s): Labor and Human Capital

Issue Date: 1974-12

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/22893 Published in: Australian Journal of Agricultural Economics, Volume 18, Number 3 Page range: 193-207

Total Pages: 15

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > Australian Journal of Agricultural Economics





Author: Ryan, James G. ; Duncan, Ronald C.

Source: http://ageconsearch.umn.edu/record/22893?ln=en







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