Marginal analysis of income mobility effects by income source with an application to the agricultural policy mix

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    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 languageEnglish
    Pages (from-to)259-266
    Number of pages8
    JournalJournal of Agricultural Economics
    Volume70
    Issue number1
    Early online date22 Jun 2018
    DOIs
    Publication statusPublished - Feb 2019

    Keywords

    • Agricultural policy analysis
    • Scottish agriculture
    • Shorrocks mobility index
    • decomposition by income source
    • farm income mobility

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    Allanson, Paul

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