D'Antoni, Jeremy M.; Khanal, Aditya R.; Mishra, Ashok K. - In: Journal of Agricultural and Applied Economics 46 (2014) 02
The substitution of capital for labor and new labor-saving technologies has reduced the labor required for farming, yet … many farms today depend on hired labor in some form. Common in the literature is the assumption of perfectly substitutable … farm labor. This has implications for the operator’s off-farm labor decision. Intuitively, different forms of farm labor …