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KMID : 0613620190390010011
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Health Social Welfare Review
2019 Volume.39 No. 1 p.11 ~ p.38
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An Analysis of the Effects of the Senior Employment Program on the Economic Living Conditions of Senior Households: With Focus on Changes in Income and Consumption
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Lee Ji-Hye
Hwang Nam-Hui
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Abstract
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This paper analyzes the effects of continuous participation in the Senior Employment Program on the income, consumption and changes in economic status of senior households, using the data from the 7th wave (2012) through the 12th wave (2017) of the Korea Welfare Panel Study. We find that despite continuous participation in the Senior Employment Program for the past five years, it has not made statistically significant effects on the income and consumption expenditure of the households, with their ordinary income rather reduced to the statistically significant level. We also find in additional analyses that although the continuous participation in the Senior Employment Program has not improved the economic status of senior households, it has lowered the probability of their economic status being deteriorated. In other words, the findings suggest that continued participation in the Senior Employment Program has economic effects, although very limited, on prevention of deteriorated economic status of senior households. The Senior Employment Program pursues various policy goals, however, senior households participate in the program mainly for economic reasons and senior poverty is one of the main social issues. Therefore, it is time to ponder upon the long-term directions of the Senior Employment Program to enhance the economic effects of the program.
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KEYWORD
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Senior Employment Programs, Policy Evaluation, Random Effect Model, Multinominal Logit Model
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