Arbeitspapier
Should Farmers Farm More? Comparing Marginal Products within Malawian Households
According to standard economic theory, households should equate the marginal revenue product of an input across activities within the household. However, this prediction may not hold in the presence of risk. Using data on farm plots and non-farm enterprises in Malawi, we examine the impact of risk on the allocation decisions of agricultural households as they allocate labor across farm and non-farm production. We control for many household and production characteristics, including household fixed effects, and find farm marginal revenue product of labor (MRPL) to be consistently higher than non-farm MRPL. These results hold when restricting estimation to periods of high and low non-farm labor allocation. These results are consistent with farm production being riskier than non-farm production for most households in Malawi. These findings suggest that improved access to insurance of farming activities and wage employment opportunities could increase total household income.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 14703
- Klassifikation
-
Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
Agricultural Labor Markets
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
- Thema
-
labor productivity
agriculture
non-farm production
risk
efficiency
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Brummund, Peter
Merfeld, Joshua D.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Brummund, Peter
- Merfeld, Joshua D.
- Institute of Labor Economics (IZA)
Entstanden
- 2021
Ähnliche Objekte (12)
Strafsache gegen den Farmer Ferdinand Gessert (Farm Sandverhaar)
Should Marginal Cost of Public Funds include the Revenue Effect?
Off-farm employment and rural development: Pakistan : non-agricultural occupations in marginal farm households
Deutscher Farmer mit Hund vor dem Wohngebäude der Farm
Farmer Education and Farm Efficiency: The Role of Education Revisited
The young farmers' manual detailing the manipulations of the farm
Deutscher Farmer mit zwei Erdnussträuchern in den Händen auf seiner Farm
Impact of contract farming on sustainable farm practices and farm performance : insights from cashew farmers in Ghana
Comparing compliance behaviour of students and farmers: Implications for agricultural policy impact analysis
Who buys from farmers’ markets and farm shops : The case of Germany
On-farm experiences shape farmer knowledge, perceptions of pollinators, and management practices
Farmer Organizations, Spatial Effects, and Farm Household Performances : Econometric Evidence from Senegal
Strafsache gegen den Farmer Ferdinand Gessert (Farm Sandverhaar)
Should Marginal Cost of Public Funds include the Revenue Effect?
Off-farm employment and rural development: Pakistan : non-agricultural occupations in marginal farm households
Deutscher Farmer mit Hund vor dem Wohngebäude der Farm
Farmer Education and Farm Efficiency: The Role of Education Revisited
The young farmers' manual detailing the manipulations of the farm
Deutscher Farmer mit zwei Erdnussträuchern in den Händen auf seiner Farm
Impact of contract farming on sustainable farm practices and farm performance : insights from cashew farmers in Ghana
Comparing compliance behaviour of students and farmers: Implications for agricultural policy impact analysis
Who buys from farmers’ markets and farm shops : The case of Germany
On-farm experiences shape farmer knowledge, perceptions of pollinators, and management practices
Farmer Organizations, Spatial Effects, and Farm Household Performances : Econometric Evidence from Senegal
Strafsache gegen den Farmer Ferdinand Gessert (Farm Sandverhaar)
Should Marginal Cost of Public Funds include the Revenue Effect?
Off-farm employment and rural development: Pakistan : non-agricultural occupations in marginal farm households
Deutscher Farmer mit Hund vor dem Wohngebäude der Farm
Farmer Education and Farm Efficiency: The Role of Education Revisited
The young farmers' manual detailing the manipulations of the farm
Deutscher Farmer mit zwei Erdnussträuchern in den Händen auf seiner Farm
Impact of contract farming on sustainable farm practices and farm performance : insights from cashew farmers in Ghana
Comparing compliance behaviour of students and farmers: Implications for agricultural policy impact analysis
Who buys from farmers’ markets and farm shops : The case of Germany
On-farm experiences shape farmer knowledge, perceptions of pollinators, and management practices