RETIREMENT OF COCOA FARMERS IN CÔTE D'IVOIRE
An approach using the contingent valuation method
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This research analyzes the capacity of cocoa farmers to contribute to a retirement plan in Côte d'Ivoire. We conducted a survey using the contingent valuation method. The descriptive analysis shows that the median willingness to pay is 60000 FCFA for a median income of 735000 FCFA. Econometric tests show that willingness to pay is positively and significantly influenced by the experience, marital status, level of education and income of the farmer. However, the number of people in charge negatively influences the ability of farmers to contribute to a retirement plan. For a retirement plan to ...
This research analyzes the capacity of cocoa farmers to contribute to a retirement plan in Côte d'Ivoire. We conducted a survey using the contingent valuation method. The descriptive analysis shows that the median willingness to pay is 60000 FCFA for a median income of 735000 FCFA. Econometric tests show that willingness to pay is positively and significantly influenced by the experience, marital status, level of education and income of the farmer. However, the number of people in charge negatively influences the ability of farmers to contribute to a retirement plan. For a retirement plan to be successful, the State must invest in the education of children in rural areas and support the retirement plan in view of the low and unstable farm incomes.
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