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KMID : 0895320170260020089
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Korean Journal of Research in Gerontology
2017 Volume.26 No. 2 p.89 ~ p.99
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We Earnestly Need a New Chronological Definition for Old Age in an Era of Population Aging
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Youn Ga-Hyun
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Abstract
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Most of developed countries including Korea have adopted the chronological age of 65 years as an arbitrary definition of old age. The age of 65 years would be matching with the pension eligibility age and/or retirement age. There is a high possibility of facing a serious risk of financial crisis in Korea in the near future owing to the rapidly aging population aging. For instance, the working-age population is gradually declining and the dependency ratio is getting higher and higher, resulting in very high likelihood of socioeconomic crisis. In order to alleviate the crisis, the government should make and enforce more assertive policies as early as possible than any other time. First of all, the policies should focus on raising the retirement age and/or pension eligibility age.
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KEYWORD
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Chronological definition for old age, Retirement age, Pension eligibility age
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