Does Farmland Tenancy Improve Household Asset Allocation? Evidence from Rural China
In an agricultural society, the farmland is a major form of national wealth and an increase in farmland holding is a sign of wealth accumulation; whereas in an industrial society, the question of whether a rise in farmland holding also increases the wealth accumulation of farmers with the possible choice of being migrant workers is worth theoretical discussion and empirically testing. This article explores the issue of whether farmland tenancy affects household asset allocation in a rapid industrialization period.