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Cho, Insook
School of Business Administration
Research Interests
  • Labor Economics

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The Retirement Consumption in Korea: Evidence from the Korean Labor and Income Panel Study

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Title
The Retirement Consumption in Korea: Evidence from the Korean Labor and Income Panel Study
Author
Cho, Insook
Keywords
a life-cycle hypothesis; KLIPS; Retirement consumption puzzle
Issue Date
201206
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Citation
GLOBAL ECONOMIC REVIEW, v.41, no.2, pp.163 - 187
Abstract
This paper examines the retirement consumption in Korea using the Korean Labor and Income Panel Study. This paper reports a significant post-retirement consumption fall among elderly households. The empirical results of this paper suggest that a reduction in work-related expenses is an important factor to explain the observed post-retirement consumption fall. In addition, this paper finds that the post-retirement consumption growth rate varies depending on each household's pre-retirement wealth level. The findings of this paper provide empirical evidence on retirement consumption in an emerging market with no matured public pension programmes.
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DOI
http://dx.doi.org/10.1080/1226508X.2012.684472
ISSN
1226-508X
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