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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