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Analysis of retired women’s income source and the amount of income in Korea(한국 은퇴여성의 소득원천과 소득액 분석) : Focus on comparing voluntary retirees to involuntary retirees(자발적 은퇴자와 비자발적 은퇴자의 비교를 중심으로)

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Frame of Image e source using the multinomial logit model and the amount of income using the censored normal regression. The results of this study are as follows. Firstly, involuntarily retired women had higher income after retirement than voluntarily retired women and the difference was even bigger when only women with income sources were considered. This means that voluntarily retired women tend to depend on the income of the spouse or other family members after retirement. They are likely to be subject to public income transfer by the government if they do not have private transfer income from the spouse or other family members. Secondly, in the analysis of factors determining main income sources after retirement, only personal and family characteristics were found to be influential factors. This may be because retired women aged over 50 generally have a low employment status before retirement and, as a result, their experiences in the labor market are not much different. Thirdly, female retirees who had been specialists/office workers in the labor market before retirement had a higher income after retirement than those who had been other types of workers. This implies that stable employment and steady labor income before retirement can be the best alternative guaranteeing economic welfare for retired women.
K ey words: retirement, retired women, income source, the amount of income
* COE Research Fellow, the Center for the Social Stratification and Inequality in Tohoku University, Japan.


Full Text
Title Analysis of retired women’s income source and the amount of income in Korea(한국 은퇴여성의 소득원천과 소득액 분석)
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Sub Title

Focus on comparing voluntary retirees to involuntary retirees(자발적 은퇴자와 비자발적 은퇴자의 비교를 중심으로)

Material Type Articles
Author(English)

Kim, Jikyung

Publisher

Seoul:Korea Women's Development Institute

Date 2006-06
Journal Title; Vol./Issue The Women's Studies:vol.70(no.1)
Pages 23
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Gender
Holding KDI School

Abstract

Using data collected from a survey of ‘middle- and old-aged people’ in the
6th year(2003) of Korea Labor and Income Panel Study(KLIPS), this study
analyzed the characteristics of retired women who were compared voluntary
retirees to involuntary retirees. In addition, this study analyzed factors
influencing their main income source using the multinomial logit model and the
amount of income using the censored normal regression. The results of this
study are as follows.
Firstly, involuntarily retired women had higher income after retirement than
voluntarily retired women and the difference was even bigger when only
women with income sources were considered. This means that voluntarily
retired women tend to depend on the income of the spouse or other family
members after retirement. They are likely to be subject to public income transfer
by the government if they do not have private transfer income from the spouse
or other family members. Secondly, in the analysis of factors determining main
income sources after retirement, only personal and family characteristics were
found to be influential factors. This may be because retired women aged over
50 generally have a low employment status before retirement and, as a result,
their experiences in the labor market are not much different. Thirdly, female
retirees who had been specialists/office workers in the labor market before
retirement had a higher income after retirement than those who had been other
types of workers. This implies that stable employment and steady labor income
before retirement can be the best alternative guaranteeing economic welfare
for retired women.

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