Abstract
This study uses a two-stage econometric framework with farm household level data to investigate whether off-farm work of operators and spouses influences healthcare expenditures and retirement savings. Results indicate that agricultural policy discourages off-farm work by farm operators and spouses. However, off-farm work decisions of farm couples significantly decrease healthcare expenditures and increase retirement savings of farm households in the US. The effect of farm spouse's off-farm employment on household retirement saving is more pronounced. These conclusions can extend to middle-income countries where off-farm work may enable farmers to afford better healthcare and retirement pension plans.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 94-101 |
| Number of pages | 8 |
| Journal | Food Policy |
| Volume | 37 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 1 2012 |
| Externally published | Yes |
Keywords
- Agricultural policy
- Healthcare expenditures
- Off-farm work
- Retirement savings
ASJC Scopus subject areas
- Food Science
- Development
- Sociology and Political Science
- Economics and Econometrics
- Management, Monitoring, Policy and Law
Fingerprint
Dive into the research topics of 'Can off farm employment affect the privatization of social safety net? The case of self-employed farm households'. Together they form a unique fingerprint.Cite this
- APA
- Standard
- Harvard
- Vancouver
- Author
- BIBTEX
- RIS