Journal
REVIEW OF INCOME AND WEALTH
Volume 59, Issue -, Pages S138-S160Publisher
WILEY
DOI: 10.1111/roiw.12041
Keywords
D60; I32; Q13; Q17; contract-farming; farm-households; happiness; subjective well-being
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In this paper we use a subjective well-being approach to evaluate the welfare impact of contract-farming. We analyze the impact of contract-farming on self-reported happiness using original panel data from a farm-household survey in the Niayes region in Senegal. We use different econometric techniques and show that, when correcting for time invariant unobserved heterogeneity, contract-farming has a positive effect on subjective well-being. We find diverging effects for different types of contracts, suggesting that contract-farming contributes more to farmers' subjective well-being under certain conditions and contract design. Our main finding corroborates earlier findings from empirical studies using cross-sectional data and income-based measures of welfare. In line with earlier results from the subjective well-being literature, we find that absolute income has a positive but decreasing effect on subjective well-being while comparison income has a negative effect. Also household demographic characteristics, their land and livestock assets, and housing indicators affect subjective well-being.
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