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

Chulhee Lee and Jinkook Lee

Working Paper Series from Institute of Economic Research, Seoul National University

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. We note the implications of these findings for labor-force participation at older ages and how policies might boost employment of the elderly.

Keywords: Retirement, Self-employment; Employment; Aging; Job Flexibility (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Date: 2012-05
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Related works:
Working Paper: Employment Status, Quality of Matching, and Retirement in Korea Evidence from Korean Longitudinal Study of Aging (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:snu:ioerwp:no81

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