Are U.S. farm wages really depressing? Evidence from the Northeast and South

T. Temel, E. M. Tavernier

Research output: Contribution to journalArticlepeer-review

Abstract

This study examines movements in U.S. real farm wages and whether or not wages tend to converge during 1978-92. Results from the Markov chain analysis support convergence in both the Northeast and the South to a lower wage rate than their respective regional average rates in 1978. A comparison of the time-invariant and actual terminal period distributions indicates that such tendency signals future wages to depress. This further suggests that the over-supply of labor, which manifests itself in the form of lower wages, can be viewed as a symptom of a healthy labor market responding to market signals.

Original languageEnglish (US)
Pages (from-to)212-225
Number of pages14
JournalReview of Regional Studies
Volume29
Issue number3
StatePublished - 1999
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Earth-Surface Processes

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