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Intergenerational Succession In Israeli Family Farms

Author

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  • Kimhi, Ayal
  • Nachlieli, Noga

Abstract

We study, using a probit analysis of Israeli data, the likelihood of having a successor on the family farm at a certain point in time. We identify a number of significant family and farm attributes whose effects are consistent with economic theory based on the notion of bargaining between the generations.

Suggested Citation

  • Kimhi, Ayal & Nachlieli, Noga, 1998. "Intergenerational Succession In Israeli Family Farms," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20811, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea98:20811
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    References listed on IDEAS

    as
    1. Pesquin, Claudio & Kimhi, Ayal & Kislev, Yoav, 1999. "Old Age Security and Inter-Generational Transfer of Family Farms," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 26(1), pages 19-37, March.
    2. Gallant, A Ronald & Nychka, Douglas W, 1987. "Semi-nonparametric Maximum Likelihood Estimation," Econometrica, Econometric Society, vol. 55(2), pages 363-390, March.
    3. Gerfin, Michael, 1996. "Parametric and Semi-parametric Estimation of the Binary Response Model of Labor Market Participation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(3), pages 321-339, May-June.
    4. Michael D. Boehlje & Ludwig M. Eisgruber, 1972. "Strategies for the Creation and Transfer of the Farm Estate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 461-472.
    5. Fenton, Victor M. & Gallant, A. Ronald, 1996. "Qualitative and asymptotic performance of SNP density estimators," Journal of Econometrics, Elsevier, vol. 74(1), pages 77-118, September.
    6. Ayal Kimhi, 1994. "Optimal Timing of Farm Transferal From Parent to Child," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(2), pages 228-236.
    7. Christoph R. Weiss, 1999. "Farm Growth and Survival: Econometric Evidence for Individual Farms in Upper Austria," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 103-116.
    8. Gabler, Siegfried & Laisney, Francois & Lechner, Michael, 1993. "Seminonparametric Estimation of Binary-Choice Models with an Application to Labor-Force Participation," Journal of Business & Economic Statistics, American Statistical Association, vol. 11(1), pages 61-80, January.
    9. Mark R. Rosenzweig & Kenneth I. Wolpin, 1985. "Specific Experience, Household Structure, and Intergenerational Transfers: Farm Family Land and Labor Arrangements in Developing Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 100(Supplemen), pages 961-987.
    10. Ayal Kimhi, 1995. "Differential Human Capital Investments and the Choice of Successor in Family Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 719-724.
    11. Loren W. Tauer, 1985. "Use of Life Insurance to Fund the Farm Purchase from Heirs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(1), pages 60-69.
    12. White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
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