Estimating the Long-Run Supply and Demand for Agricultural Labour in the UK

In this paper we derive supply and demand equations for labour in the UK agricultural sector. Using a cointegrating vector autoregression framework, identifying restrictions from theory are imposed, and the long-run labour supply and demand relationships are estimated. We find a significant elasticity of substitution between labour and the other factors of production. The minimum wage has had a significant negative impact on the level of labour demanded

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Year of publication:	2000
Authors:	Balcombe, Kelvin G. ; Prakash, A.
Publisher:	[S.l.] : SSRN
Subject:	Landwirtschaft \| Agriculture \| Großbritannien \| United Kingdom \| Arbeitsangebot \| Labour supply \| Arbeitsnachfrage \| Labor demand \| Mindestlohn \| Minimum wage \| VAR-Modell \| VAR model
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: European Review of Agricultural Economics, Vol. 27, Iss. 2, June 2000 Volltext nicht verfügbar
Classification:	Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014154248