How Do Catch Shares Benefit Crewmembers?

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by Shawn Regan

In many ways, according to new research on the Bering Sea crab fishery published in the current issue of Marine Resource Economics. Joshua Abbott, co-author of the study with James Wilen and Brian Garber-Yonts, has the details at EDFish. Here's one snippet:

The seasonal pay of crew has increased substantially. The analysis found that the median crew member on king crab vessels earned 66% more in a season than in prior seasons while approximately 87% of crew saw their wage rise.
Abbott also notes that the daily "wage" of crewmembers rose by 12% after catch shares were implemented. Read the full account here. Also related: see Donald Leal's recent summary on how property rights have evolved in marine fisheries for perspective.
Shawn Regan is a research fellow at PERC. He holds a M.S. in Applied Economics from Montana State University and degrees in economics and environmental science from Berry College. He is also a visiting fellow at the Breakthrough Institute. His work has appeared in the Wall Street Journal, Quartz, High Country News, Reason, Regulation, Grist, and...
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