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Symmetry and reversibility in the part time farming decision: empirical results for Upper Austria

Weiss, C.R.

Agrarwirtschaft 44(3): 137-143

1995


Accession: 002706504

Economic models of labour participation behaviour using cross-section data implicitly assume a symmetrical and reversible adjustment behaviour. In this study a panel of more than 50 000 Upper Austrian farm households is used to examine dynamic aspects of farmers' off-farm labour supply. In particular the paper tests whether the off-farm labour supply decision is symmetrical with respect to positive and negative wage changes.

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