The Off‐Farm Labor Supply of Farmers

Abstract

Abstract Theoretical and empirical models are developed to examine the off‐farm wages, labor force participation, and hours of work of farmers. Econometric estimates use data from a 1971 survey of Illinois farmers. The off‐farm wage depends on farmer human capital and the local labor market. The major result confirms the. sensitivity of off‐farm work to economic incentives. A 10% increase in the off‐farm wage entails an 11% increase in hours of off‐farm work holding farm characteristics constant. Results also indicate effects of seasonality, risk, and life cycle factors on off‐farm work.

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