Off-farm work and capital accumulation decisions of farmers over the life-cycle: the role of heterogeneity and state dependence

被引：47

作者：

Ahituv, A

Kimhi, A ^{[1
]}

机构：

[1] Hebrew Univ Jerusalem, Fac Agr, Dept Agr Econ, IL-76100 Rehovot, Israel

[2] Hebrew Univ Jerusalem, Dept Econ Social Sci, IL-91905 Jerusalem, Israel

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 2002年 / 68卷 / 02期

关键词：

life-cycle decisions; off-farm labor; capital accumulation; panel data; state dependence;

D O I：

10.1016/S0304-3878(02)00016-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyzes two principal simultaneous decisions of farm operators: off-farm labor supply and farm capital investment. We first develop a theoretical model analyzing the effects of exogenous shocks on farmers' decisions. Then, we estimate jointly a multinomial probit model of farmers' off-farm labor supply and a switching regression model of farm capital, using a two-period panel data set from Israel. This method enables to account for both unobserved heterogeneity and structural state dependence. The results demonstrate that farm capital investments during the 1970s, which were enhanced by heavily subsidized credit, prevented farmers from seeking off-farm employment opportunities. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：329 / 353

页数：25

共 46 条

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