본문 바로가기
  • Home

Labor Incentive Effect of Criterion Change in the Earnings Test in 2006

  • Journal of Insurance and Finance
  • 2009, 20(3), pp.161-199
  • Publisher : Korea Insurance Research Institute
  • Research Area : Social Science > Business Management

Kwon, Hyuk Jin 1 Daechul Kim 2

1경남과학기술대학교
2국회예산정책처

Accredited

ABSTRACT

This paper examines the labor force activity of workers aged 55~59 and 60~64 in response to the change of the retirement earnings test in 2006. We use the first and the second waves of Korean Retirement and Income Study that covers the period from 2 years before to 1 years after the rise of the income-threshold. Using a Difference-in-Difference method, we find that its change reduce labor supply and earnings of aged 55~59, especially female. But we can’t find the effects on aged 60~64. As a result, we recommend that the income-threshold over aged 55~59 need to be lowered in order to encourage a labor incentive and guarantee income security.

Citation status

* References for papers published after 2022 are currently being built.