The gendered impact of the National Pension Scheme on late-life economic well-being: evidence from the Korean retirement and income study
Abstract
Purpose
The purpose of this paper is to analyse the effect of the National Pension Scheme (NPS) on the economic well-being of older people in South Korea.
Design/methodology/approach
It analyses older people aged 60 and over sampled from the third wave of the Korean retirement and income study.
Findings
The analysis shows a gendered effect. The NPS is positively associated with the economic well-being of only older men. This gendered impact is probably attributable to the inherent patriarchal structure of the NPS that is based on the strong male bread-winner model.
Originality/value
The results suggest that promoting the female labour market participation, and also reforming the gender structure of the NPS and South Korean labour market, can be a potential policy option to amend gendered economic well-being in later life.
Keywords
Acknowledgements
This paper was presented at the IMPALLA-ESPANET International Conference, from 18 to 19 April, 2013 in CEPS/INSTEAD, Luxembourg.
Citation
Park, S.-M. (2017), "The gendered impact of the National Pension Scheme on late-life economic well-being: evidence from the Korean retirement and income study", Quality in Ageing and Older Adults, Vol. 18 No. 1, pp. 3-19. https://doi.org/10.1108/QAOA-01-2015-0002
Publisher
:Emerald Publishing Limited
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