Table 7

Linear Probability Models of Contract Choice in the Reverse Tenancy Sample (n = 225)

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	0.000	0.001	−0.001	0.001
Plot value	−0.002	0.013	0.003	0.014
Plot titled	−0.227	0.352	−0.203	0.373
Hillside plot	0.017	0.217	−0.003	0.206
Lowland plot	0.022	0.174	0.011	0.181
Irrigated plot	0.180	0.127	0.124	0.135
Distance from house	0.001	0.002	0.001	0.002
Landlord Household
L household size	−0.014	0.016	−0.021	0.016
L dependency ratio	−0.105	0.173	0.018	0.192
L age	0.006^**	0.003	0.004	0.003
L female	0.051	0.106	0.004	0.118
L education	0.041^***	0.012	0.044^***	0.014
L assets per capita	−0.016	0.043	−0.015	0.039
L income per capita	−0.038	0.033	−0.023	0.037
L liquidity-constrained	0.066	0.092	0.038	0.091
Landlord-Tenant Match
Relationship Length			−0.013	0.012
T is kin			−0.209	0.887
T introduced by kin			0.033	0.909
T is a friend			−0.265	0.885
T chosen for his wealth			−0.098	0.123
T chosen for his honesty			−0.091	0.129
T chosen for his risk capacity			0.213	0.289
T chosen to return a favor			2.055^*	1.070
Time spent looking			0.018	0.021
Number of potential tenants			−0.024	0.015
Tenant Household
T household size	0.030	0.020	0.033	0.022
T dependency ratio	−0.468^**	0.229	−0.441^*	0.226
T age	0.000	0.004	0.001	0.004
T education	−0.017	0.014	−0.019	0.015
T assets per capita	−0.007	0.008	−0.006	0.007
T income per capita	0.044^*	0.025	0.043^*	0.025
T liquidity-constrained	0.049	0.076	0.089	0.073
Slope of s(a)	2.437^***	1.078	3.930^***	1.014
Intercept	−0.053	0.347	0.163	0.970
Number of observations	225		225
Bootstrap Replications	500		500
Commune dummies	Yes		Yes
p-Value (all coefficients)	0.00		0.00
p-Value (risk sharing, assets)	0.61		0.64
p-Value (risk sharing, income)	0.15		0.22
R²	0.32		0.39

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.