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Old Farmer Pension Program and Farm Succession: Evidence from a Population‐Based Survey of Farm Households in Taiwan
Author(s) -
Chang Hung-Hao
Publication year - 2013
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1093/ajae/aat004
Subject(s) - regression discontinuity design , pension , ecological succession , census , agriculture , agricultural economics , business , population , work (physics) , survey data collection , agricultural science , economics , geography , finance , engineering , demography , environmental science , mathematics , mechanical engineering , ecology , statistics , archaeology , sociology , biology
This article examines the effect of the old farmers' pension program on farm succession in Taiwan. Using an agricultural census survey of 160,380 crop farms in 2005 and an analytical framework of regression discontinuity design, we find evidence that the pension program induced elderly farmers to work more on the farm and less off the farm. Although the primary policy objective of the pension program is to secure the well‐being of elderly farmers, an undesired negative effect on farm succession is found.