[PDF] Retirement In Japan And South Korea eBook

Author : Masa Higo
Publisher : Routledge
Page : 208 pages
File Size : 21,15 MB
Release : 2015-04-10
Category : Social Science
ISBN : 1317499883

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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.

Author : Thomas R. Klassen
Publisher : Routledge
Page : 201 pages
File Size : 31,1 MB
Release : 2013-07-31
Category : Social Science
ISBN : 1135046425

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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.

Author : Kenichiro Kashiwase
Publisher : International Monetary Fund
Page : 21 pages
File Size : 46,80 MB
Release : 2012-12-04
Category : Business & Economics
ISBN : 1475544316

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This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by “clawing back” a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefit incomes, and collecting contributions from dependent spouses of employees, who are currently eligible for pension benefits even though they make no contributions. These options, if implemented concurrently, could reduce the government annual subsidy and the government deficit by up to 11⁄4 percent of GDP by 2020.

Author : Jae-Jin Yang
Publisher : Routledge
Page : 332 pages
File Size : 27,91 MB
Release : 2010-02-25
Category : Political Science
ISBN : 1135272735

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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.

Author : OECD
Publisher : OECD Publishing
Page : 176 pages
File Size : 47,83 MB
Release : 2022-09-20
Category :
ISBN : 9264779493

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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.

Author : Robert Louis Clark
Publisher : University of Pennsylvania Press
Page : 128 pages
File Size : 40,10 MB
Release : 1991
Category : Business & Economics
ISBN :

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From the Pension Research Council of the Wharton School

Author : Yasuhito Kinoshita
Publisher : Univ of California Press
Page : 232 pages
File Size : 34,94 MB
Release : 1992
Category : Business & Economics
ISBN : 0520075951

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Faced with the decline of the traditional family and the explosive growth of the over-65 population, the Japanese are looking for new ways to care for their elders. This timely study documents the birth of a major social phenomenon in Japan—the planned retirement community. In the mid-1980s, Yasuhito Kinoshita spent a year living in Japan's first such community, Fuji-no-Sato. His collaboration with Christie W. Kiefer, a cultural gerontologist, is the first detailed study of a retirement community in a non-Western culture. Fuji-no-Sato is a social community with no visible traditions. Kinoshita and Kiefer show that its residents' preference for long-established relationships creates the need for the invention of relationships that have no precedent in Japanese society. This book reveals much about Japanese culture, and about the "graying of society" that plagues the newly industrialized countries of Asia. Its lessons about sensitivity to the elderly's values and the need for clear communication have important applications in other cultures as well.