Retirement Work And Pensions In Ageing Korea

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Retirement, Work and Pensions in Ageing Korea

Jae-Jin Yang,Thomas Klassen
Retirement Work and Pensions in Ageing Korea Book PDF

Author : Jae-Jin Yang,Thomas Klassen
Publisher : Routledge
Page : 332 pages
File Size : 47,7 Mb
Release : 2010-02-25
Category : Political Science
ISBN : 9781135272739

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Retirement, Work and Pensions in Ageing Korea by Jae-Jin Yang,Thomas Klassen Pdf

Even among the four Asian tigers, with their economic miracles during the past several decades that allowed them to join the ranks of the developed nations, South Korea is extraordinary. As significant as its economic progress, from a dirt poor and devastated nation in the 1960s, is South Korea’s emerging welfare state. Although established in a short time, and still immature in some aspects, its unique East-Asian model now faces a population that is aging at an unprecedented rate. This book introduces readers to the impact of demographic changes in Korea, particularly the impact of these on work, retirement and pensions; and as importantly, provides an explanation for the reforms of public policy in these domains. The chapters provide an up-to-date assessment of aging, retirement, and pension policies in South Korea and give valuable insights into the diverse aspects of the unprecedented rapid aging. The theme of this volume, which brings together the foremost Korean scholars and experts, is how rapid demographic change in Korea has been a central factor in income security policy for the elderly, as well as workplace policies.

Korea's Retirement Predicament

Thomas R. Klassen,Yunjeong Yang
Korea s Retirement Predicament Book PDF

Author : Thomas R. Klassen,Yunjeong Yang
Publisher : Routledge
Page : 188 pages
File Size : 54,7 Mb
Release : 2013-07-31
Category : Social Science
ISBN : 9781135046439

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Korea's Retirement Predicament by Thomas R. Klassen,Yunjeong Yang Pdf

The distinguishing feature for many workers in South Korea is contractual – and often involuntary – retirement at a young age (mid-50s for most workers) followed by precarious and low-paying self-employment or contract work. In the past this practice, which is also found in other East Asian nations, provided firms with a youthful and highly productive workforce. However, with a rapidly aging population and shifts in the labour market, the existing arrangement is becoming less and less functional. This book examines how this retirement arrangement arose, and the policy reforms that have been both undertaken and proposed to allow workers to remain employed longer. The analysis focuses on the institutional constraints to reforms, as well as the impact forced retirement has on individuals. Using a multi-disciplinary and comparative approach, the authors study contractual mandatory retirement trends and policies in South Korea, and in doing so illuminate the political, social, legal, economic and labour market implications of this widespread practice. As nations across Asia face aging populations, this book will be welcomed by students and scholars interested in Korean studies, social policy, social welfare and gerontology. It will also be of great value to policy makers.

Retirement in Japan and South Korea

Masa Higo,Thomas R. Klassen
Retirement in Japan and South Korea Book PDF

Author : Masa Higo,Thomas R. Klassen
Publisher : Routledge
Page : 188 pages
File Size : 45,7 Mb
Release : 2015-04-10
Category : Social Science
ISBN : 9781317499886

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Retirement in Japan and South Korea by Masa Higo,Thomas R. Klassen Pdf

This book analyses reforms to retirement policies in Japan and South Korea, especially in the context of rapid population ageing. A defining feature of the labour markets and workplaces in these two nations, and the lives of workers and families, is involuntary retirement at relatively young ages. The book explains past developments and recent reforms of retirement policies both in the two countries, as well as in a cross-national comparative manner. At the core of the book is an examination of the social, economic and political conflicts around retirement, such as between younger and older workers, between employers and governments, and between employers and workers. The policy recommendations offered apply not only to Japan and South Korea, but also to other nations such as China. The volume is of value particularly for those interested in labour markets and workplaces, population ageing and contemporary East Asia, in addition to those studying retirement and pensions. Policymakers, business leaders, worker organizations, researchers and students will benefit from the insights about the past, present and future of retirement.

Ageing and Employment Policies Working Better with Age: Korea

OECD
Ageing and Employment Policies Working Better with Age Korea Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 136 pages
File Size : 42,8 Mb
Release : 2018-10-24
Category : Electronic
ISBN : 9789264208261

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Ageing and Employment Policies Working Better with Age: Korea by OECD Pdf

Korea faces unique ageing and employment challenges. On the one hand, it will experience much faster population ageing than any other OECD country: the old-age dependency ratio (population aged 65+ over population aged 15-64), for example, is projected to increase from 20% today to around 70% ...

Working Better with Age: Korea

Collectif
Working Better with Age Korea Book PDF

Author : Collectif
Publisher : OECD
Page : 128 pages
File Size : 49,6 Mb
Release : 2018-10-24
Category : Business & Economics
ISBN : 9789264308077

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Working Better with Age: Korea by Collectif Pdf

Korea faces unique ageing and employment challenges. On the one hand, it will experience much faster population ageing than any other OECD country: the old-age dependency ratio (population aged 65+ over population aged 15-64), for example, is projected to increase from 20% today to around 70% in 2050. On the other hand, employment rates of older workers are already very high: in the age group 65-69, for example, 45% of all Koreans work compared with an OECD average of 25% (2016 data). However, most older people in Korea end up in poor-quality jobs after ending their core career in their early 50s, with low and insecure earnings and little or no social protection. This report looks at the reasons for the current labour market and income situation of older workers in Korea, especially the role of employment and employer practices. It examines the best ways forward for policy makers and employers to increase the quality of life and work of older workers whilst maintaining their high employment rate.

Working Better with Age

OECD
Working Better with Age Book PDF

Author : OECD
Publisher : Org. for Economic Cooperation & Development
Page : 0 pages
File Size : 52,7 Mb
Release : 2018
Category : Age and employment
ISBN : 9264201858

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Working Better with Age by OECD Pdf

Currently, Japan has the highest old-age dependency ratio of all OECD countries, with a ratio in 2017 of over 50 persons aged 65 and above for every 100 persons aged 20 to 64. This ratio is projected to rise to 79 per hundred in 2050. The rapid population ageing in Japan is a major challenge for achieving further increases in living standards and ensuring the financial sustainability of public social expenditure. However, with the right policies in place, there is an opportunity to cope with this challenge by extending working lives and making better use of older workers' knowledge and skills. This report investigates policy issues and discusses actions to retain and incentivise the elderly to work more by further reforming retirement policies and seniority-wages, investing in skills to improve productivity and keeping up with labour market changes through training policy, and ensuring good working conditions for better health with tackling long-hours working culture.

Facing the Future Korea's Family, Pension and Health Policy Challenges

OECD
Facing the Future Korea s Family Pension and Health Policy Challenges Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 89 pages
File Size : 48,5 Mb
Release : 2007-02-27
Category : Electronic
ISBN : 9789264065406

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Facing the Future Korea's Family, Pension and Health Policy Challenges by OECD Pdf

Korea faces an extraordinary ageing challenge. Korea will age much faster than other OECD countries: in 2000, about 7% of Korea’s population were over 65; in 2050, senior citizens will constitute about 37% of Korea’s population. Population ageing ...

Retirement, Work and Pensions in Ageing Korea

Jae-Jin Yang,Thomas Klassen
Retirement Work and Pensions in Ageing Korea Book PDF

Author : Jae-Jin Yang,Thomas Klassen
Publisher : Routledge
Page : 209 pages
File Size : 47,6 Mb
Release : 2010-02-25
Category : Business & Economics
ISBN : 9781135272746

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Retirement, Work and Pensions in Ageing Korea by Jae-Jin Yang,Thomas Klassen Pdf

Even among the four Asian tigers, with their economic miracles during the past several decades that allowed them to join the ranks of the developed nations, South Korea is extraordinary. As significant as its economic progress, from a dirt poor and devastated nation in the 1960s, is South Korea’s emerging welfare state. Although established in a short time, and still immature in some aspects, its unique East-Asian model now faces a population that is aging at an unprecedented rate. This book introduces readers to the impact of demographic changes in Korea, particularly the impact of these on work, retirement and pensions; and as importantly, provides an explanation for the reforms of public policy in these domains. The chapters provide an up-to-date assessment of aging, retirement, and pension policies in South Korea and give valuable insights into the diverse aspects of the unprecedented rapid aging. The theme of this volume, which brings together the foremost Korean scholars and experts, is how rapid demographic change in Korea has been a central factor in income security policy for the elderly, as well as workplace policies.

Aging in Asia

National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Asia
Aging in Asia Book PDF

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Asia
Publisher : National Academies Press
Page : 486 pages
File Size : 40,7 Mb
Release : 2012-07-31
Category : Social Science
ISBN : 9780309254090

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Aging in Asia by National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Asia Pdf

The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.

Pensions at a Glance 2019 OECD and G20 Indicators

OECD
Pensions at a Glance 2019 OECD and G20 Indicators Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 180 pages
File Size : 40,5 Mb
Release : 2019-11-27
Category : Electronic
ISBN : 9789264876101

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Pensions at a Glance 2019 OECD and G20 Indicators by OECD Pdf

The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

OECD Reviews of Pension Systems: Korea

OECD
OECD Reviews of Pension Systems Korea Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 176 pages
File Size : 44,6 Mb
Release : 2022-09-20
Category : Electronic
ISBN : 9789264779495

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OECD Reviews of Pension Systems: Korea by OECD Pdf

This review provides policy recommendations on how to improve the Korean pension system, building on the OECD’s best practices in pension design. It details the key features of the Korean pension system and identifies its strengths and weaknesses based on cross-country comparisons. The Korean pension system consists of a mandatory pay-as-you-go public scheme, occupational schemes and voluntary individual schemes. The review also covers the first layer of old-age social protection in Korea. This review is the eighth in the series of OECD Reviews of Pension Systems.

Ageing and Employment Policies Working Better with Age

OECD
Ageing and Employment Policies Working Better with Age Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 80 pages
File Size : 51,9 Mb
Release : 2019-08-30
Category : Electronic
ISBN : 9789264402195

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Ageing and Employment Policies Working Better with Age by OECD Pdf

People today are living longer than ever before, but what is a boon for individuals can be challenging for societies. If nothing is done to change existing work and retirement patterns, the number of older inactive people who will need to be supported by each worker could rise by around 40% between 2018 and 2050 on average in the OECD area. This would put a brake on rising living standards as well as enormous pressure on younger generations who will be financing social protection systems. Improving employment prospects of older workers will be crucial. At the same time, taking a life-course approach will be necessary to avoid accumulation of individual disadvantages over work careers that discourage or prevent work at an older age.

Live Long and Prosper

World Bank
Live Long and Prosper Book PDF

Author : World Bank
Publisher : World Bank Publications
Page : 284 pages
File Size : 55,9 Mb
Release : 2015-12-10
Category : Social Science
ISBN : 9781464804700

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Live Long and Prosper by World Bank Pdf

Aging is a challenge which countries in East Asia and Pacific (EAP) regions are grappling with or will soon confront. It raises many questions for policymakers ranging from potential macroeconomic impacts, to fiscal challenges of supporting pension, health and long-term care systems, and labor market implications as countries seek to promote productive aging. The urgency of the aging challenge varies across the region, but it will confront all EAP countries in time and early preparation is essential to avoid the missteps of other regions. Live Long and Prosper discusses the societal and public policy challenges and reform options for EAP countries as they address aging. It aims to strike a balance between aging optimists and pessimists. On the one hand, the impacts of aging on growth, labor markets and public spending are not the unavoidable catastrophe often feared. However, minimizing the downside risks of aging and ensuring healthy and productive aging will require proactive public policy, political leadership, and new mindsets across society. The report reviews the evidence on demographic transition in EAP and its potential macroeconomic impact. It addresses the current policy environment including pensions and social security, health, and long-term care and labor markets to assess the risks of 'business as usual'. It also suggests policy directions to promote healthy and productive aging in EAP, and emphasizes that aging is not just about older people, but requires policy and behavioral change across the life cycle.

Korea's Retirement Predicament

Thomas R. Klassen,Yunjeong Yang
Korea s Retirement Predicament Book PDF

Author : Thomas R. Klassen,Yunjeong Yang
Publisher : Routledge
Page : 201 pages
File Size : 53,5 Mb
Release : 2013-07-31
Category : Social Science
ISBN : 9781135046422

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Korea's Retirement Predicament by Thomas R. Klassen,Yunjeong Yang Pdf

The distinguishing feature for many workers in South Korea is contractual – and often involuntary – retirement at a young age (mid-50s for most workers) followed by precarious and low-paying self-employment or contract work. In the past this practice, which is also found in other East Asian nations, provided firms with a youthful and highly productive workforce. However, with a rapidly aging population and shifts in the labour market, the existing arrangement is becoming less and less functional. This book examines how this retirement arrangement arose, and the policy reforms that have been both undertaken and proposed to allow workers to remain employed longer. The analysis focuses on the institutional constraints to reforms, as well as the impact forced retirement has on individuals. Using a multi-disciplinary and comparative approach, the authors study contractual mandatory retirement trends and policies in South Korea, and in doing so illuminate the political, social, legal, economic and labour market implications of this widespread practice. As nations across Asia face aging populations, this book will be welcomed by students and scholars interested in Korean studies, social policy, social welfare and gerontology. It will also be of great value to policy makers.

Preventing Ageing Unequally

OECD
Preventing Ageing Unequally Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 256 pages
File Size : 54,5 Mb
Release : 2017-10-18
Category : Electronic
ISBN : 9789264279087

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Preventing Ageing Unequally by OECD Pdf

This report examines how the two global mega-trends of population ageing and rising inequalities have been developing and interacting, both within and across generations.