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

    Research output: Working paper

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    Abstract

    The note proposes a novel decomposition of the Shorrocks mobility index by income components to identify the impact on farm income mobility of a marginal change in each component. 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 had the effect of reducing the variability of relative farm incomes in Scottish agriculture.
    Original languageEnglish
    Place of PublicationDundee
    PublisherUniversity of Dundee
    Number of pages10
    Volume299
    Publication statusPublished - Aug 2017

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherEconomic Studies, University of Dundee
    No.299
    ISSN (Electronic)1473-236X

    Keywords

    • farm income mobility
    • decomposition by income source
    • agricultural policy analysis

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