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KMID : 0379220110310010015
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Journal of Korea Gerontological Society
2011 Volume.31 No. 1 p.15 ~ p.31
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A Study on Transition to Retirement of the Middle-Aged in Korea: Focused on the Career Job and the Bridge Job
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Choi Ok-Geum
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Abstract
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The purpose of this study is to explore the transition to retirement of the middle-aged in Korea
according to the notion of "the career job" and "the bridge job". In order to scrutinize basic elements for the transition, three aspects such as the job history of the middle-aged, the characteristics of the demographic and economic status were investigated through the one to three wave of Korean Retirement and Income Study(KReIS). In addition, the characteristics of the career job and the bridge job were analyzed by both descriptive statistics and the conditional transition probability. Moreover, the influential factors to the job status of the middle-aged were examined by the multi-nominal logistic regression. The results of the study are as followed: first, gradual retirement is increasing in the transition to retirement of the middle-aged in Korea. Over time, the career job is decreasing whilst bridge job is increasing. However, the quality of the bridge job is poorer than the career job in terms of wage, employment status, industry, and occupation. Lastly, the middle-aged who work in the bridge job have vulnerable characteristics, so they work in the bridge job to supplement their
economic needs. The results can be influential in the adjustment of the labor policies for the middle-aged in Korea. Moreover, the partial pension system could be a good alternative since the pension system is needed to protect the vulnerable situation of the middle-aged in Korea.
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KEYWORD
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KReIS, The Middle-Aged, Career Job, Bridge Job, Korean Retirement and Income Study
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