IDEAS home Printed from https://ideas.repec.org/a/ucp/ecdecc/v56y2007p99-123.html
   My bibliography  Save this article

Long-Term Changes in the Economic Activity of Older Males in Korea

Author

Listed:
  • Chulhee Lee

Abstract

This study estimates the labor force participation rate (LFPR) of older males in Korea from 1955 through 2000 and analyzes the effects of several determining factors on labor force participation decisions at older ages. The LFPR of men age 60 and older increased substantially from the mid-1960s to the late 1990s. This pattern is in sharp contrast to the historical experiences of most other 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 as a result of the selective out-migration of younger persons was the major cause of the sharp increase in the LFPR of older males. It is likely that the relative decline of the rural economy in the course of industrialization made it increasingly difficult for the rural elderly population to save for retirement.

Suggested Citation

  • Chulhee Lee, 2007. "Long-Term Changes in the Economic Activity of Older Males in Korea," Economic Development and Cultural Change, University of Chicago Press, vol. 56, pages 99-123.
  • Handle: RePEc:ucp:ecdecc:v:56:y:2007:p:99-123
    DOI: 10.1086/520555
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/520555
    Download Restriction: Access to the online full text or PDF requires a subscription.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. David A. Wise, 2001. "Introduction to "Aging Issues in the United States and Japan"," NBER Chapters,in: Aging Issues in the United States and Japan, pages 1-24 National Bureau of Economic Research, Inc.
    2. Yukiko Abe, 2001. "Employees' Pension Benefits and the Labor Supply of Older Japanese Workers, 1980s-1990s," NBER Chapters,in: Aging Issues in the United States and Japan, pages 273-306 National Bureau of Economic Research, Inc.
    3. Costa, Dora L., 1998. "The Evolution of Retirement," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226116082, April.
    4. Jonathan Gruber & David A. Wise, 1999. "Introduction to "Social Security and Retirement around the World"," NBER Chapters,in: Social Security and Retirement around the World, pages 1-35 National Bureau of Economic Research, Inc.
    5. Costa, Dora L, 1998. "The Evolution of Retirement: Summary of a Research Project," American Economic Review, American Economic Association, vol. 88(2), pages 232-236, May.
    6. Clarence D. Long, 1958. "The Labor Force Under Changing Income and Employment," NBER Books, National Bureau of Economic Research, Inc, number long58-1, April.
    7. Dora L. Costa, 1998. "The Evolution of Retirement: An American Economic History, 1880-1990," NBER Books, National Bureau of Economic Research, Inc, number cost98-1, April.
    8. Lee, Chulhee, 1998. "Long-Term Unemployment and Retirement in Early-Twentieth-Century America," The Journal of Economic History, Cambridge University Press, vol. 58(03), pages 844-856, September.
    9. Seiritsu Ogura & Toshiaki Tachibanaki & David A. Wise, 2001. "Aging Issues in the United States and Japan," NBER Books, National Bureau of Economic Research, Inc, number ogur01-1, April.
    10. Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chulhee Lee, 2009. "Labor Force Participation of Older Males in Korea: 1955-2005," NBER Working Papers 14800, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:ecdecc:v:56:y:2007:p:99-123. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division). General contact details of provider: http://www.journals.uchicago.edu/EDCC/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.