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KMID : 1001320210480010039
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Social Welfare Policy
2021 Volume.48 No. 1 p.39 ~ p.62
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A Study on the Relation between the Income Maintenance System and Work among the Elderly: A Regional Comparison
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Kwon Hyeok-Chang
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Abstract
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The purpose of this study is to examine the relationship between labor and the old age income security for the elderly in Korea, focusing on the region.
This study is analyzed through panel data analysis method by utilizing the 7th to 12th Korean Welfare Panel data. The results of this study are as follows. First, panel data analysis shows that the relationship between the old-age income security and the elderly labor varies by systems, controlling the demographic and sociological variables (gender, age, educational level), economy (asset), health (subjective health condition) and psychological health status (depression, self-esteem) that affect the elderly labor. The Special Occupational Pension and the National Basic Livelihood Security are found to be negatively related to elderly labor. Second, the analysis of the relationship between the labor of the elderly and the old-age income security yields different results depending on whether the local variables are controlled for. The relationships between the National Pension and the Basic Pension and the labor of the elderly vary in statistical significance depending on whether local variables are controlled for.
Third, the regional analyses of the relationship between the old-age income security and the labor of the elderly show that the old-age income security has different effects on the elderly labor by region. Based on these findings, this study presents policy implications.
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KEYWORD
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Elderly Labor, Old-Age Income Security System, Region, Panel Data Analysis
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