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Perspectives on the Early Retirement Decisions of Farming Couples

Author

Listed:
  • Väre, Minna

    (MTT Economic Research, Finland)

  • Heshmati, Almas

    (Jönköping University)

Abstract

In the past decade, the European agricultural sector has undergone rapid structural change. Part of that change is manifested in extended early retirement plans. As pensions play a crucial role in determining the characteristics the change, it is important to establish the factors determining the exit from farming among elderly farmers. This study analyses the choice of pension scheme of farmers. The focus is on the effects of farm and off-farm incomes and various offered economic incentives on farmers’ retirement decisions. The results provide valuable information concerning evaluation of existing programmes and the design of future retirement systems and policies.

Suggested Citation

  • Väre, Minna & Heshmati, Almas, 2004. "Perspectives on the Early Retirement Decisions of Farming Couples," IZA Discussion Papers 1342, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp1342
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    References listed on IDEAS

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    Cited by:

    1. Fengxia Dong & David A. Hennessy & Helen H. Jensen, 2010. "Contract and Exit Decisions in Finisher Hog Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(3), pages 667-684.
    2. Muhammad Irshad Ahmad & Les Oxley & Hengyun Ma, 2020. "What Makes Farmers Exit Farming: A Case Study of Sindh Province, Pakistan," Sustainability, MDPI, vol. 12(8), pages 1-17, April.

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    More about this item

    Keywords

    early retirement; farming couple; bivariate probit;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

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