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Perspectives on the Early Retirement Decisions of Farming Couples

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Author Info

  • Väre, Minna

    ()
    (MTT Economic Research, Finland)

  • Heshmati, Almas

    ()
    (Jönköping University, Sogang 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.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1342.

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Length: 33 pages
Date of creation: Oct 2004
Date of revision:
Handle: RePEc:iza:izadps:dp1342

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Keywords: early retirement; farming couple; bivariate probit;

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References

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  1. Kimhi, Ayal & Bollman, Ray, 1999. "Family farm dynamics in Canada and Israel: the case of farm exits," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 21(1), August.
  2. Kimhi, Ayal & Bollman, Ray, 1999. "Family farm dynamics in Canada and Israel: the case of farm exits," Agricultural Economics, Blackwell, vol. 21(1), pages 69-79, August.
  3. Renard, Didier & Molenberghs, Geert & Geys, Helena, 2004. "A pairwise likelihood approach to estimation in multilevel probit models," Computational Statistics & Data Analysis, Elsevier, vol. 44(4), pages 649-667, January.
  4. Kimhi, Ayal & Nachlieli, Noga, 1998. "Intergenerational Succession In Israeli Family Farms," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20811, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. Ashok K. Mishra & Barry K. Goodwin, 1997. "Farm Income Variability and the Supply of Off-Farm Labor," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 880-887.
  6. Stephan J. Goetz & David L. Debertin, 2001. "Why Farmers Quit: A County-Level Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 1010-1023.
  7. Glauben, Thomas & Tietje, Hendrik & Weiss, Christoph R., 2002. "Intergenerational Succession on Family Farms: Evidence from Survey Data," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24918, European Association of Agricultural Economists.
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Cited by:
  1. Dong, Fengxia & Hennessy, David A. & Jensen, Helen H., 2010. "Contract and Exit Decisions in Finisher Hog Production," Staff General Research Papers 31302, Iowa State University, Department of Economics.

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