| 초록 |
We investigate factors influencing farmers' exit decisions using a panel dataset obtained from "Farm Household Economy Survey (1997-2002)". A reduced-form probit model derived from a random utility model characterizing farmers' exit decisions is estimated. We found that (i) a small-sized farm has a higher exit probability than a medium- or large-sized farms; (ii) non-farm income contributes to the exit from farming; and (iii) exit probabilities are lower for age groups between 50 and 69, suggesting that both younger and older groups of farmers are more likely to exit from farming.
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