Farm households are unique in the way they derive income when compared to nonfarm households. Farm operators and spouses have dual income sources, from farm and off-farm activities. Further, farm households on an average possess higher wealth than nonfarm households. This article estimates...

A popular approach to estimating income variance in cross-sectional data is to use an aggregate method by categorizing sample observations into arbitrarily formed groups, taking into account some socio-economic attributes. This study proposes an alternative technique that can be used to estimate...

Copulas are functions that parameterize the dependence between univariate marginal distribution functions to form a joint distribution function. Copulas provide a consistent procedure for testing dependence and guiding the choice of empirical model. In this study we use copulas to measure the...

Previous studies on the demand for meat products have not received much attention on the role of ethnicity on consumption. Using data from the US Consumer Expenditure Survey (CES) and LinQuad demand systems, this study investigates the impact of ethnicity on the demand for meat products in the...

COVID-19 has resulted in significant setbacks to economy due to shocks to the consumer and services industries, in terms of a halt of production and operations, difficulty in making payments to employees, and scarcity of employment opportunities, disrupting the entire world economy. This study...

COVID-19 has resulted in significant setbacks to economy due to shocks to the consumer and services industries, in terms of a halt of production and operations, difficulty in making payments to employees, and scarcity of employment opportunities, disrupting the entire world economy. This study...