Key, Nigel D.; Roberts, Michael J.; O'Donoghue, Erik J. - Agricultural and Applied Economics Association - AAEA - 2003
Previous research has found that on-farm income variability helps determine off-farm labor supply. However, unobserved heterogeneity of farms or regions may have biased earlier results. In this study, we use an exogenous increase in Federal crop insurance subsidies as a natural experiment to...