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 and PERC and the director of outreach and publications. He holds a M.S. in Applied Economics from Montana State University and degrees in economics and environmental science from Berry College. His writing has appeared in the Wall Street Journal, Quartz, High Country News, National Review, Reason, Regulation, Grist...
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