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Employment status, quality of matching, and retirement in Korea: Evidence from Korean longitudinal study of aging

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  • Employment status, quality of matching, and retirement in Korea: Evidence from Korean longitudinal study of aging
  • Lee, Chulhee; Lee, Jinkook
  • RAND


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Title Employment status, quality of matching, and retirement in Korea: Evidence from Korean longitudinal study of aging
Similar Titles
Material Type Reports
Author(English)

Lee, Chulhee; Lee, Jinkook

Publisher

[Santa Monica, U.S.]:RAND

Date 2011-01
Series Title; No RAND working paper series / WR- 834
Pages 30
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Population
Social Development < Employment
Holding SSRN

Abstract

This paper explores how and why the probability of retirement differs between self-employed and wage-and-salary workers. It finds self-employed workers are less likely to retire than wage-and-salary ones, and that differences in retirement incomes, health, productivity, job characteristics, and compulsory retirement practices do not explain the disparity. This study suggests that the difference between self-employed and wage-and-salary workers in the quality of matching between the job and the worker (i.e., required and desired amount of work efforts) explains the later retirement of the self-employed. It notes the implications of these findings for labor-force participation at older ages and how policies might boost employment of the elderly.