Intergenerational Succession on Israeli Family Farms
使用二元选择模型研究以色列家庭农场内部代际继承的可能性，比较两种继承定义，并验证概率模型结果，为家庭农场长期生存政策提供参考。
Using a binary‐choice analysis, we study the likelihood of intra family intergenerational succession on Israeli family farms. This provides policy‐relevant information on the long‐run survival probabilities of these farms in a period of increased vulnerability of family farms. We compare two definitions of succession, one based on an official declaration of a succeeding child, and another which is more operational, based on the existence of an adult child who works on the farm alongside the parents. We also validate the probit results by comparing them to those of a more robust semi‐nonparametric method. We identify a number of family and farm attributes whose effects are statistically significant and consistent with economic theory based on the notion of an economic surplus resulting from intra‐family succession and on the notion of bargaining between the generations.