Andersson, Hans; Ramaswami, Bharat; Moss, Charles B.; … - Agricultural and Applied Economics Association - AAEA - 2005
Off-farm work improves and reduces the riskiness of household income. Theoretical analyses reveal that the level and riskiness of off-farm income affect demand for farm/nonfarm investments. A two-limit Tobit model is estimated using ARMS data for 1996-2003. The impact on investment behaviour is...