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

Chulhee Lee and Jinkook Lee

No WR-834, Working Papers from RAND Corporation

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.

Keywords: Retirement; Self-employment; Employment; Aging; Job Flexibility (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 30
Date: 2011-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Employment Status, Quality of Matching, and Retirement in Korea: Evidence from Korean Longitudinal Study of Aging (2012)
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