Kwon, Chul-Woo; Orazem, Peter F.; Otto, Daniel M. - Iowa State University of Science and Technology <Ames, … - 2003
A sample of Iowa farm couples is used to evaluate whether off-farm labor supply decisions respond to permanent and … transitory components of farm income. Off-farm labor supply of both spouses declines in response to increases in permanent farm … income. Farm wives also reduce off-farm labor supply in response to positive transitory farm income shocks. Consequently, one …