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K Balcombe, A Prakash, Estimating the long-run supply and demand for agricultural labour in the UK, European Review of Agricultural Economics, Volume 27, Issue 2, June 2000, Pages 153–166, https://doi.org/10.1093/erae/27.2.153
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Abstract
In this paper we derive supply and demand equations for labour in the UK agricultural sector. Using a cointegrating vector autoregression framework, identifying restrictions from theory are imposed, and the long-run labour supply and demand relationships are estimated. We find a significant elasticity of substitution between labour and the other factors of production. The minimum wage has had a significant negative impact on the level of labour demanded.
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