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Dimensions of Wealth Dispersion Among Farm Operator Households: An Assessment of the Impact of Farm Subsidies
- Article from:
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Journal of Agricultural and Applied Economics
- Article date:
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April 1, 2005
- Author:
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;
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Copyright informationCopyright Southern Journal of Agricultural Economics Apr 2005. Provided by ProQuest LLC. (Hide copyright information)
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This paper uses microlevel data from the Agricultural Resource Management Survey to examine the changes in the distributions of household wealth and to assess the role farm subsidies play, among other factors, in affecting these distributions. The empirical analysis relies on the concept of the adjusted Gini coefficient and on fixed-effect regression procedures. Coefficients from fixed-effects estimation indicate a negative correlation between government payments and wealth dispersion, with the effect shifting toward more of a positive relation when government payments were allowed to interact with regional dummies.
Key Words: adjusted Gini coefficient, Agricultural Resource Management ...
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