This paper utilizes the theory of compensating differentials for job risks from the laboreconomics literature to evaluate farmers’ differences in wage-risk tradeoffs. In thecontext of job risks, the theory predicts that farmers who place a lower value on healthstatus are willing to work for...

This paper utilizes the theory of compensating differentials for job risks from the labor economics literature to evaluate farmers’ differences in wage-risk tradeoffs. In the context of job risks, the theory predicts that farmers who place a lower value on health status are willing to work for...