Table 6

Linear Probability Models of Contract Choice in the Full Sample (n = 353)

Variable (Dependent Variable: 1 if Fixed Rent; 0 if Sharecropping)	(1) Linear Probability Model without Matching Controls		(2) Linear Probability Model with Matching Controls
	Coefficient	Std. Err.	Coefficient	Std. Err.
Plot
Plot size	−0.001	0.001	−0.001^**	0.001
Plot value	0.004	0.010	0.012	0.010
Plot titled	−0.269	0.276	−0.342	0.275
Hillside plot	−0.073	0.166	−0.050	0.160
Lowland plot	0.058	0.152	0.071	0.153
Irrigated plot	0.203^**	0.098	0.155	0.105
Distance from house	0.001	0.001	0.001	0.001
Landlord Household
L household size	−0.012	0.013	−0.011	0.012
L dependency ratio	−0.016	0.138	0.073	0.140
L age	0.005^**	0.002	0.003	0.002
L female	−0.008	0.077	0.008	0.086
L education	0.020^**	0.010	0.020^*	0.011
L assets per capita	0.002	0.009	0.002	0.009
L income per capita	−0.007	0.013	0.001	0.013
L liquidity-constrained	0.042	0.070	0.015	0.068
Landlord-Tenant Match
Relationship length			−0.024^**	0.011
T is kin			0.193	0.240
T introduced by kin			0.346	0.265
T is a friend			0.086	0.238
T chosen for his wealth			−0.114	0.095
T chosen for his honesty			−0.026	0.089
T chosen for his risk capacity			0.378	0.263
T chosen to return a favor			0.534	0.558
Time spent looking			0.018	0.016
Number of potential tenants			−0.022^*	0.012
Tenant Household
T household size	0.020	0.017	0.025	0.018
T dependency ratio	−0.312^*	0.163	−0.357^**	0.160
T age	0.002	0.003	0.003	0.004
T education	0.000	0.011	0.001	0.011
T assets per capita	−0.005	0.008	−0.005	0.008
T income per capita	0.048^**	0.022	0.045^**	0.023
T liquidity-constrained	0.034	0.057	0.035	0.059
Slope of s(a)	1.879^***	0.710	2.188^***	0.758
Intercept	−0.282	0.279	−0.404	0.361
Number of observations	353		353
Bootstrap replications	500		500
Commune dummies	Yes		Yes
p-Value (all coefficients)	0.00		0.00
p-Value (risk sharing, assets)	0.81		0.80
p-Value (risk sharing, income)	0.10		0.13
R²	0.22		0.28

Note: The tests of risk sharing are tests of joint significance of the coefficients on the landlord and the tenant’s asset and income levels. L, landlord; T, tenant.
↵*, **, *** Significance at the 10%, 5%, and 1% levels, respectively.