Income mobility and income inequality in Scottish agriculture

Paul Allanson (Lead / Corresponding author), Kalina Kasprzyk, Andrew P. Barnes

    Research output: Working paperDiscussion paper

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    Abstract

    The paper proposes the use of a range of alternative measures to provide a rounded evaluation of the distributional consequences of farm income mobility, where this multifaceted approach is designed to shed light both on the extent to which farm income inequality is a short-run phenomenon due to transitory shocks rather than a chronic or persistent problem due to structural factors, and on the nature of the dynamic processes driving changes in farm income inequality over time. An illustrative empirical study of Scottish agriculture using Farm Accounts Survey data reveals that the majority of farm income inequality was structural in nature despite a substantial degree of income risk due to the volatility of agricultural incomes. Results on the micro-dynamics of inequality change have to be interpreted with caution due to the particular rules governing the assignment of farm identifiers in the survey.
    Original languageEnglish
    Place of PublicationDundee
    PublisherUniversity of Dundee, Department of Economic Studies
    Number of pages31
    Publication statusPublished - Jul 2015

    Publication series

    NameDundee discussion papers in economics
    PublisherUniversity of Dundee, Department of Economic Studies
    No.290
    ISSN (Electronic)1473-236X

    Keywords

    • Farm incomes
    • Income mobility
    • Income inequality
    • Scotland

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