Off-Farm Labor Supply and Correlated Shocks
New Theoretical Insights and Evidence from Malawi
Bibliographic Data
| ID | 5084485 |
|---|---|
| Authors | Ralitza Dimova (0000-0001-5977-0446, IZA - Institute of Labor Economics), Shubhashis Gangopadhyay (Shiv Nadar University), Katharina Michaelowa (0000-0002-0317-209X, University of Zurich), Anke Weber (0000-0003-2220-658X, Joint Research Centre) |
| Year | 2015 |
| Volume | 63 |
| Issue | 2 |
| Pages | 361-391 |
| Publication date | 2015-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economic Development and Cultural Change (JOURNAL) |
| Journal identifiers | ISSN: 0013-0079 • E-ISSN: 1539-2988 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/679193 |
| OpenAlex | W2118895181 |
| Language | EN |
| Citations received | 10 |
| References cited | 18 |
We offer new conceptual insights into the understanding of occupational choice in uncertain rural environments, with a focus on its ex ante (before a shock) and ex post (after a shock) consequences for farmers belonging to different portions of the asset distribution. We model theoretically the choice between relatively safe subsistence farming, higher return but higher risk cash crop activities, and off-farm labor—conditional on preexisting asset allocation—and look at the general equilibrium labor market implications of correlated shocks. Our results, backed by evidence from Malawi, challenge some stylized perceptions in the literature on consumption smoothing via off-farm labor supply
Agriculture · Asset (computer security) · Cash · Cash crop · Consumption (sociology) · Consumption smoothing · Economics · Ex-ante · General equilibrium theory · Geography · Labor demand · Labour economics · Macroeconomics · Microeconomics · Production (economics) · Shock (circulatory) · Stylized fact · Subsistence agriculture · Unemployment · Wage · Agricultural risk and resilience · Income, Poverty, and Inequality · Poverty, Education, and Child Welfare
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| Citations per year | 1 |
|---|---|
| Citation span | 2016 - 2026 (11) |
| Highly cited | No |