Revisiting forever gained: income dynamics in the resettlement areas of Zimbabwe
This paper examines income dynamics for a panel of households resettled on former white-owned farms in the aftermath of Zimbabwe's independence. There are four core findings: (i) there has been an impressive accumulation of assets by these households; (ii) while this accumulation has played a role in increases in crop income, increases in returns to these assets have been especially important in generating the dramatic increase in crop incomes observed in these households; (iii) differences in initial conditions across these households, such as previous farming experience, have few persistent effects; and (iv) growth in incomes has been shared across all households, with the largest percentage increases in predicted incomes recorded by households that had the lowest predicted incomes at the beginning of the survey.
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