Abstract
The note makes novel use of a decomposition of the Shorrocks mobility index by income source to identify the impact on farm income mobility of a marginal change in each component of income. An empirical application shows that a revenue-neutral change in the balance of agricultural protection between market-based support and direct payments would not have reduced the variability of relative farm incomes in Scottish agriculture.
| Original language | English |
|---|---|
| Pages (from-to) | 259-266 |
| Number of pages | 8 |
| Journal | Journal of Agricultural Economics |
| Volume | 70 |
| Issue number | 1 |
| Early online date | 22 Jun 2018 |
| DOIs | |
| Publication status | Published - Feb 2019 |
Keywords
- Agricultural policy analysis
- Scottish agriculture
- Shorrocks mobility index
- decomposition by income source
- farm income mobility
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics
