This paper estimates farmer decisions between three discrete occupational choices: exit and close down the farming operation (1), exit and transfer the farm to a new entrant (2), or continue farming and retain the option to exit later on (3). The farmer optimisation problem is formulated as a...

In the course of economic development there is a general downward trend of agricultural employment, although structural change in agriculture is often delayed. In the EU-15, agricultural employment decreased by -2.3% p.a. (measured in regular persons) and -3.0% p.a. (measured in annual working...