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首页> 外文期刊>Journal of Development Economics >Off-farm work and capital accumulation decisions of farmers over the life-cycle: the role of heterogeneity and state dependence
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Off-farm work and capital accumulation decisions of farmers over the life-cycle: the role of heterogeneity and state dependence

机译：生命周期中农民的非农工作和资本积累决策：异质性和国家依赖性的作用

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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.
机译：本文分析了农场经营者的两个主要同时决策：非农场劳动力供给和农场资本投资。我们首先建立一个理论模型，分析外来冲击对农民决策的影响。然后，我们使用来自以色列的两个时期的面板数据集，共同估算了农民非农劳动力供给的多项式概率模型和农业资本的转换回归模型。该方法能够解决未观察到的异质性和结构状态依赖性。结果表明，在1970年代，由于大量补贴信贷而增加了农业资本投资，这使农民无法寻求非农就业机会。

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