| 초록 |
This paper evaluates the income effects of the direct income compensation payment program for rice farmers and investigates the determinants of income effects using farm household economy survey data during 2003-2012. The effects of the direct payment program were measured by first and second moments (mean and variance) and coefficient of variation (CV) of income distribution. We simulate changes in mean by direct payment to measure income enhancement effects and simulate changes in CV by direct payment to measure income stabilization effects. The empirical results reveal that i) the direct payment program contributes to both mean and variance of farm household income; and ii) over 70 ages, total land, and farm type variables have positive effect on income enhancement and income stabilization.
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