Factors affecting on the Willingness of Re-employment among Babyboomers

Kim, Soo‐Young; chang, sujie; Lee, Jaejung; Kyung-Joo, Moon

doi:10.21194/kjgsw..67.201503.107

“…Common themes emerge from domestic research regarding the determinants of retirement. For instance, deteriorating health status tends to correlate with earlier retirement (Kim et al, 2015), retirement timing often hinges on job security (Park, 2003), and men typically retire later than women (Kim et al, 2015).…”

Section: Domestic Researchmentioning

confidence: 99%

“…Furthermore, due to the distinctive dynamics of family relationships in Korea, it's argued that parents tend to delay retirement when they have dependent children (Kim et al, 2015;Kim et al, 2021).…”

Section: Domestic Researchmentioning

confidence: 99%

“…Conversely, there are conflicting findings regarding income levels. Individuals with lower incomes often prolong their working years to make ends meet, while even higher-income individuals with specialized skills or expertise may delay retirement due to the high opportunity cost associated with leaving the workforce (Kim et al, 2015). An outlier in Korean retirement research is…”

Section: Domestic Researchmentioning

confidence: 99%

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How does real estate income affect retirement age?: Lessons from national survey of tax and benefit*

Kim

2022

J. Hous. Urban Finance

0

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In Western countries, where retirement funds primarily consist of pensions, research on retirement decision making revolves around pension-related considerations. Conversely, in Korea, where a whopping 77.5% of assets are tied to real estate, little attention has been devoted to exploring the connection between real estate holdings and retirement. This study employs panel models, utilizing data from the 2016-2021 National Survey of Tax and Benefit, to analyze the impact of real estate income on the expected retirement age. The empirical findings reveal that individuals with real estate income tend to postpone their retirement by an average of 2.25 years. Moreover, as both the amount of income derived from real estate and proportion of real estate income in total income increase, the incentives to continue working beyond the traditional retirement age strengthen notably. Given that this study is the first to establish a connection between real estate income and retirement, it is imperative to delve deeper into this topic and uncover further implications through subsequent research endeavors.

show abstract

How does real estate income affect retirement age?: Lessons from national survey of tax and benefit*

Kim

2022

J. Hous. Urban Finance

0

View full text Add to dashboard Cite

In Western countries, where retirement funds primarily consist of pensions, research on retirement decision making revolves around pension-related considerations. Conversely, in Korea, where a whopping 77.5% of assets are tied to real estate, little attention has been devoted to exploring the connection between real estate holdings and retirement. This study employs panel models, utilizing data from the 2016-2021 National Survey of Tax and Benefit, to analyze the impact of real estate income on the expected retirement age. The empirical findings reveal that individuals with real estate income tend to postpone their retirement by an average of 2.25 years. Moreover, as both the amount of income derived from real estate and proportion of real estate income in total income increase, the incentives to continue working beyond the traditional retirement age strengthen notably. Given that this study is the first to establish a connection between real estate income and retirement, it is imperative to delve deeper into this topic and uncover further implications through subsequent research endeavors.

show abstract

The Analysis on Determinants of Retirement: Focusing on Patterns and a Period of the Retirement

Kim¹,

Kim²,

Lee³

et al. 2021

dcs

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Factors affecting on the Willingness of Re-employment among Babyboomers

Cited by 3 publications

References 3 publications

How does real estate income affect retirement age?: Lessons from national survey of tax and benefit*

How does real estate income affect retirement age?: Lessons from national survey of tax and benefit*

How does real estate income affect retirement age?: Lessons from national survey of tax and benefit*

The Analysis on Determinants of Retirement: Focusing on Patterns and a Period of the Retirement

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