Fishing and Nonfishing Income Decisions: The Role of Human Capital and Family Structure

Fishing and Nonfishing Income Decisions: The Role of Human Capital and Family Structure <p>ABSTRACT:</p><p>Resource-dependent households often diversify their income. We model demand for remittances and supply of off-resource labor as a joint decision, and discuss household trade-offs. We extend the off-farm labor supply literature to a rural fishery, contrasting our results to common findings in the farm literature and providing empirical evidence of the interdependence between education and family structure in determining income diversification. Using a unique dataset from Malaysia, we find that more-educated households are less likely to diversify their income, with caveats depending on family composition. Policy implications for resource management in a remittance economy with alternative livelihoods are discussed.</p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

Fishing and Nonfishing Income Decisions: The Role of Human Capital and Family Structure

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Publisher
University of Wisconsin Press
Copyright
Copyright by the Board of Regents of the University of Wisconsin System.
ISSN
1543-8325

Abstract

<p>ABSTRACT:</p><p>Resource-dependent households often diversify their income. We model demand for remittances and supply of off-resource labor as a joint decision, and discuss household trade-offs. We extend the off-farm labor supply literature to a rural fishery, contrasting our results to common findings in the farm literature and providing empirical evidence of the interdependence between education and family structure in determining income diversification. Using a unique dataset from Malaysia, we find that more-educated households are less likely to diversify their income, with caveats depending on family composition. Policy implications for resource management in a remittance economy with alternative livelihoods are discussed.</p>

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Feb 2, 2018

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