Table 5.
Estimated impact on household income, WLS estimates.
| Model (2) | ||||
|---|---|---|---|---|
| Variables | Unmatched data |
Matched data |
||
| Total income | Income/output | Total income | Income/output | |
| Treatment(NAFCO) | 0.700∗∗∗(0.076) | 0.776∗∗∗ (0.078) | 0.805∗∗∗ (0.084) | 0.834∗∗∗ (0.086) |
| Ln (Age) | -0.158 (0.166) | -0.404∗∗ (0.169) | -0.422∗∗ (0.188) | -0.579∗∗∗ (0.192) |
| Mar | 0.043 (0.098) | -0.035 (0.100) | -0.070 (0.134) | -0.067 (0.138) |
| Gen | 0.217∗∗ (0.091) | 0.167∗ (0.093) | 0.407∗∗∗ (0.128) | 0.340∗∗∗ (0.132) |
| Edu | 0.232∗∗∗ (0.042) | 0.233∗∗∗ (0.043) | 0.214∗∗∗ (0.054) | 0.217∗∗∗ (0.055) |
| HS | 0.0137 (0.017) | -0.137∗∗∗ (0.017) | 0.059∗∗∗ (0.022) | -0.114∗∗∗ (0.023) |
| Ln(Expr) | 0.090 (0.056) | 0.089 (0.057) | 0.076 (0.062) | 0.088 (0.064) |
| Cons | 6∗∗∗ (0.627) | 6.291∗∗∗ (0.637) | 6.781 (0.691) ∗∗∗ | 6.713∗∗∗ (0.714) |
| R-square | 0.226 | 0.321 | 0.253 | 0.306 |
| F-stat | 20.84∗∗∗ | 35.15∗∗∗ | 18.30∗∗∗ | 23.76∗∗∗ |
| RMSE | 0.840 | 0.854 | 0.814 | 0.832 |
| Obs. | 506 | 506 | 386 | 386 |
Notes: the dependent variables are the natural log of total farm income, Ln(TFInc), and the log of farm income/output, Ln(TFinc/U); ∗∗∗, ∗∗, ∗; are values statistically significant at 1%, 5%, and 10%, respectively. The standard errors are in parentheses.