Table 1

Data Description for Selected Variables

VariableDescription
Dependency ratioPercentage of individuals under 15 and over 64 within the household
Assets (100,000 ariary)Sum of the values of the household’s assets (i.e., animals, house, television, radio, car, and bank account balance) and agricultural equipment (i.e., hoe, harrow, cart, plow, tractor, and small tractor)
Income (100,000 ariary)Sum of the proceeds from animal sales, agricultural and nonagricultural wages, and proceeds from leases of cattle and equipment
Liquidity constraint dummyDummy for whether the household is liquidity constrained
Plot sizeArea covered by the plot in ares (1 are = 001 ha = 100 m2)
Plot value (100,000 ariary)Price expected by the landowner if she were to sell her plot
Formal title dummyDummy for the presence of a formal title
Relationship lengthNumber of years the landlord and tenant have been contracting with one another
Kin dummyDummy for a contract signed between kin
Tenant introduced by kinDummy for a contract signed with a tenant whom the landlord met through a member of her extended family
Introduced by other than kinDummy for a contract signed with a tenant whom the landlord met through someone who is not a member of her extended family
Tenant is friendDummy for a contract signed with a tenant who is a friend of the landlord
Tenant chosen for his wealthDummy for whether this particular tenant was chosen because of his wealth
Tenant chosen for his honestyDummy for whether this particular tenant was chosen because of his honesty
Tenant chosen for his ability to bear riskDummy for whether this particular tenant was chosen because of his ability to bear risk
Tenant chosen to return a favorDummy for whether this particular tenant was chosen because the landlord wanted to return a favor
Time spent looking for a tenantNumber of days spent looking for a potential tenant
Other potential tenants consideredNumber of other potential tenants considered when looking for a tenant