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Employment Status, Quality of Matching, and Retirement in Korea: Evidence from Korean Longitudinal Study of Aging

  • Chulhee Lee
  • Jinkook Lee

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.

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File URL: http://www.rand.org/content/dam/rand/pubs/working_papers/2011/RAND_WR834.pdf
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Paper provided by RAND Corporation Publications Department in its series Working Papers with number 834.

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Length: 30 pages
Date of creation: Jan 2011
Date of revision:
Handle: RePEc:ran:wpaper:834
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