Specific experience, household structure and intergenerational transfers: Farm family land and labor arrangements in developing countries

Rosenzweig, M.R. and Wolpin, K.I. (1984) Specific experience, household structure and intergenerational transfers: Farm family land and labor arrangements in developing countries. Documentation. Univeristy of Minnesota, USA.

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Abstract

An overlapping generations model incorporating returns to specific experience is used to demonstrate how three salient phenomena in land-scarce developing countries--the predominance of intergenerational family extension, cost advantages of family relative to hired labor, and the scarcityof land sales--may be manifestations of an optimal implicit contract between generations which maximizes the gains from farmspecific, experientally obtained knowledge. A method for estimating the contribution to agricultural profits of the farm experience embodied in elderly kin based on a three-year panel of household data from India is proposed and implemented. Implications of the theory for market transactions in land and for family extension are also tested using individual farm data and time-series information on rainfall

Item Type: Monograph (Documentation)
Author Affiliation: Economic Development Center, Univeristy of Minnesota
Subjects: Social Sciences
Divisions: General
Depositing User: Ms K Syamalamba
Date Deposited: 01 Oct 2013 05:15
Last Modified: 01 Oct 2013 05:15
URI: http://eprints.icrisat.ac.in/id/eprint/11913

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