Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2007
than in agriculture. In this paper, we examine the sources and consequences of wage and productivity gaps in the U.S. from … for the relatively low labor productivity and wages earned in agriculture. Farm ownership, along with the higher cost of … century US. Consequently, the reallocation of labor from farming to industry raised the average annual growth rate of output …