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

Kim, S.; Kim, Gunwoo; Lee, Jeong-Hwa; Choi, Kyung Il

doi:10.9728/dcs.2021.22.3.527

Cited by 2 publications

(2 citation statements)

References 10 publications

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“…The realm of retirement research is vast and encompasses numerous studies; while it's impossible to provide an exhaustive list, the majority of these studies tend to focus on analyzing the factors influencing actual retirement age. Notably, as the most recent domestic study, Kim et al (2021) unveiled the significance of 2) Considering the high correlation between real estate income and real estate assets, as highlighted by Kim (2021), it is noteworthy that even if one were to substitute real estate assets for real estate income in the analysis, the resulting findings remain largely consistent.…”

Section: Domestic Researchmentioning

confidence: 93%

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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

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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.

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Section: Domestic Researchmentioning

confidence: 93%

“…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%

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

Kim

2022

J. Hous. Urban Finance

View full text Add to dashboard Cite

show abstract

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

Kim

2022

J. Hous. Urban Finance

View full text Add to dashboard Cite

show abstract

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

Cited by 2 publications

References 10 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*

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