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Korea's retirement predicament : the ageing tiger

Author: Thomas Richard Klassen; Yunjeong Yang
Publisher: New York : Routledge, 2014.
Series: Routledge advances in Korean studies, v. 28.
Edition/Format:  eBook : Document : EnglishView all editions and formats
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Korea's retirement predicament.
London ; New York : Routledge, [2014]
(DLC) 2013003447
(OCoLC)829239366
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Thomas Richard Klassen; Yunjeong Yang
ISBN: 9781135046422 1135046425 9781135046439 1135046433 9780203362082 020336208X
OCLC Number: 855503995
Description: 1 online resource (168 pages).
Contents: Foreword / Young Ki Choi --
Introduction to retirement in Korea / Thomas R. Klassen and Kun-ha Yu --
Demographic change in Korea and East Asia / Ghazy Mujahid --
The welfare state and income security for the elderly in Korea / Jae-jin Yang --
The legal foundations of mandatory retirement in Korea / Yongman Cho --
Korean women and retirement / Yunjeong Yang and Soondool Chung --
Institutionalization of the retirement pension plan and the limited role of corporatism in Korea / MyungJoon Park --
National pension, labour market and retirement in Korea : institutional mismatch and policy alternatives / Hanam Phang --
Changing retirement patterns in Japan / Koichi Hiraoka --
Retiring immigrants : Korean seniors' lives after migration to Canada / Ann H. Kim --
The future of retirement / Masa Higo and Thomas R. Klassen. Cover; Korea's Retirement Predicament; Title Page; Copyright Page; Dedication; Table of Contents; List of figures; List of tables; List of contributors; Foreword; Acknowledgements; 1 Introduction to retirement in Korea; 2 Demographic change in Korea and East Asia; 3 The welfare state and income security for the elderly in Korea; 4 The legal foundations of mandatory retirement in Korea; 5 Korean women and retirement; 6 Institutionalization of the Retirement Pension Plan and the limited role of corporatism in Korea. 7 National pension, labour market and retirement in Korea: institutional mismatch and policy alternatives8 Changing retirement patterns in Japan; 9 Retiring immigrants: Korean seniors' lives after migration to Canada; 10 The future of retirement; Index.
Series Title: Routledge advances in Korean studies, v. 28.
Responsibility: edited by Thomas R. Klassen and Yunjeong Yang.

Abstract:

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 ha.

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