Perspectives on the Early Retirement Decisions of Farming Couples

Minna Väre () and Almas Heshmati ()
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Minna Väre: MTT Economic Research, Finland

No 1342, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: early retirement; farming couple; bivariate probit (search for similar items in EconPapers)
JEL-codes: C25 J26 Q12 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2004-10
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Citations: View citations in EconPapers (2)

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