Income mobility and income inequality in Scottish agriculture

Paul Allanson, Kalina Kasprzyk, Andrew P. Barnes

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    Abstract

    The paper explores the distributional consequences of farm income mobility in Scotland, focusing on the extent to which farm income inequality is a chronic as opposed to a temporary phenomenon and on the nature of the dynamic processes driving changes in farm income inequality over time. The empirical results reveal that the majority of farm income inequality was long-run or structural in nature, reflecting differences in both farm business size and farm-specific factors such as land quality, managerial ability and business structures. Evidence of absolute convergence in farm incomes is explained by short-run adjustments towards equilibrium or target incomes conditional upon prices, technology and farm business size, with farm business growth conditional upon survival found to have had no significant redistributive effect.
    Original languageEnglish
    Pages (from-to)471-493
    Number of pages23
    JournalJournal of Agricultural Economics
    Volume68
    Issue number2
    Early online date14 Sep 2016
    DOIs
    Publication statusPublished - Jun 2017

    Keywords

    • farm incomes
    • income mobility
    • income inequality
    • Scotland

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