The Impact of Farmland Ownership Determination on Farmer’ s Gift Expenditure: Empirical Evidence from CHFS Micro Data

The acquaintance society and the local characteristics of China with the lack of system have led to the expenditure behavior of farmers’ human relations, forming a rural relationship network with Chinese characteristics. This paper attempted to study whether the confirmation of rural land rights affects the gift expenditure of farmers by introducing the system construction of confirmation of rural land rights and using the micro data of the China Household Financial survey in 2015. The results showed that, the confirmation of farmland rights significantly inhibited the expenditure on human relations of farmers; By means of instrumental variables and substituting explanatory variables, the results were still robust; Further heterogeneity analysis found that the confirmation of farmland rights would have a greater inhibitory effect on farmers with higher gift expenditure, and have a more significant effect on families with lower age and income. The conclusion of the study not only provides empirical evidence for the impact of the system on gift expenditure but also provides practical guidance for the introduction of formal rural systems such as rural land ownership confirmation.