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Combining Income and Wealth: An Analysis of Farm Family "Well-Being"

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  • Thomas A. Carlin
  • Edward I. Reinsel

Abstract

Personal distribution of well-being of farm families relative to all U. S. families is substantially improved when wealth is considered along with money income. The "live poor and die rich" paradox facing older farm families could often be overcome by providing an easier means whereby they could use up equity in family living.

Suggested Citation

  • Thomas A. Carlin & Edward I. Reinsel, 1973. "Combining Income and Wealth: An Analysis of Farm Family "Well-Being"," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(1), pages 38-44.
    • Handle: RePEc:oup:ajagec:v:55:y:1973:i:1:p:38-44.
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    File URL: http://hdl.handle.net/10.2307/1238659
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    Citations

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    Cited by:

    1. Brake, John R. & Melichar, Emanuel, 1977. "Agricultural Finance and Capital Markets," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
    2. Goetz, Stephen J., 1991. "Single- and Multi-Dimensional Theil Measures of Inequality: An Application to Farm Households," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271278, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Boehlje, Michael, 1973. "The Entry-Growth-Exit Processes In Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 5(1), pages 1-14, July.
    4. J. S. Nix, 1990. "Aspects Of Farm Profitability: An Outmoded Concept? Presidential Address," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(3), pages 265-291, September.
    5. Vincent, David P., 1976. "Economic Aspects Of Farm Poverty," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 1-16, August.
    6. Boisvert, Richard N. & Ranney, Christine K., 1990. "Accounting For The Importance Of Nonfarm Income On Farm Family Income Inequality In New York," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(1), pages 1-11, April.
    7. Reddy, Wenkateshwar K. & Findeis, Jill L., 1987. "Decomposition Of Income Distribution Among Farm Families," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 16(2), pages 1-9, October.
    8. Katchova, Ani L., 2006. "The Economic Well-Being of Farm and Nonfarm Households: Evidence from Two National Surveys," 2006 Annual meeting, July 23-26, Long Beach, CA 21401, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Stam, Jerome M. & Sibold, Ann Gordon, 1977. "Agriculture and the Property Tax: A Forward Look Based on a Historical Perspective," Agricultural Economic Reports 307674, United States Department of Agriculture, Economic Research Service.
    10. Andrea Brandolini & Silvia Magri & Timothy M. Smeeding, 2010. "Asset-based measurement of poverty," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 29(2), pages 267-284.
    11. Ahearn, Mary, 1986. "Financial Well-Being of Farm Operators and Their Households," Agricultural Economic Reports 308015, United States Department of Agriculture, Economic Research Service.
    12. Ahearn, Mary & Johnson, Jim & Strickland, Roger, 1985. "The Distribution Of Income And Wealth Of Farm Operator Households," 1985 Annual Meeting, August 4-7, Ames, Iowa 278657, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Brake, John R. & Melichar, Emanuel, 1977. "PART VI. Agricultural Finance and Capital Markets," AAEA Monographs, Agricultural and Applied Economics Association, number 337218, january.
    14. Hill, Berkeley, 2002. "Measures of Economic Status - Combining Income and Wealth into a Single Measure of the Potential Command Over Goods and Services," Workshop on the Farm Household-Firm Unit: Its Importance in Agriculture and Implications for Statistics, April 12-13,2002, Wye Campus, Imperial College 15715, International Agricultural Policy Reform and Adjustment Project (IAPRAP).

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