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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

    () (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. 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.
  2. Ayal Kimhi & Noga Nachlieli, 2001. "Intergenerational Succession on Israeli Family Farms," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(2), pages 42-58.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
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Cited by:
  1. Fengxia Dong & David A. Hennessy & Helen H. Jensen, 2008. "Contract and Exit Decisions in Finisher Hog Production," Center for Agricultural and Rural Development (CARD) Publications 08-wp469, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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