Employment Status, Quality of Matching, and Retirement in Korea: Evidence from Korean Longitudinal Study of Aging
AbstractThis 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.
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Bibliographic InfoPaper provided by RAND Corporation Publications Department in its series Working Papers with number 834.
Length: 30 pages
Date of creation: Jan 2011
Date of revision:
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Retirement; Self-employment; Employment; Aging; Job Flexibility;
Find related papers by JEL classification:
- J1 - Labor and Demographic Economics - - Demographic Economics
This paper has been announced in the following NEP Reports:
- NEP-AGE-2011-03-05 (Economics of Ageing)
- NEP-ALL-2011-03-05 (All new papers)
- NEP-LAB-2011-03-05 (Labour Economics)
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