Background paper n.14

Old-age labour market transition and poverty in Korea

This study makes use of KLIPS (Korea Labour Income and Panel Study) data from 2001 to 2019 to categorise changes in the labour market status of the elderly in their 50s and 60s in Korea, and compares trends and changes in demographic characteristics, income, and poverty by type (of labour market participation). Results of such a labour trajectory classification suggest that there are various paths other than the traditional path of retaining a primary job until retirement age and then retiring in time for the old-age pension.