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Labor force participation of older males in Korea : 1955-2005

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  • Labor force participation of older males in Korea
  • Lee, Chulhee
  • National Bureau of Economic Research


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Title Labor force participation of older males in Korea
Similar Titles
Sub Title

1955-2005

Material Type Reports
Author(English)

Lee, Chulhee

Publisher

Cambridge:National Bureau of Economic Research

Date 2009-03
Series Title; No NBER Working Paper Series / 14800
Pages 42
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Social Development < Employment
Holding National Bureau of Economic Research

Abstract

This study estimates the labor force participation rate (LFPR) of older males in Korea from 1955 to 2005, and analyzes the effects of several determining factors on labor force participation decisions at older ages. The LFPR of older men increased substantially from the mid-1960s to the late-1990s. This pattern is in sharp contrast to the historical experiences of most OECD countries, where the LFPR of older males declined rapidly over the last century. The rise in the LFPR of older males in Korea between 1965 and 1995 is largely explained by the dramatic increase in the labor-market activity of the rural elderly population. The results of regression analyses suggest that the acceleration of population aging in rural areas due to the selective out-migration of younger persons was the major cause of the sharp increase in the LFPR of older males. (The rest omitted)