TY - JOUR
T1 - Reforms of Retirement Policies
T2 - Three Common Paths in Aging in Japan and Korea
AU - Higo, Masa
AU - Klassen, Thomas R.
N1 - Publisher Copyright:
© 2017 Taylor & Francis.
PY - 2017/1/1
Y1 - 2017/1/1
N2 - Faced with an unparalleled rate of population aging, Japan and Korea have been reforming their retirement policies. To date, however, while the age of mandatory retirement has increased, employees continue to face significant decreases in compensation and other working conditions, typically at age 60 in Japan and age 55 in Korea. Three factors have contributed to shaping the path of the policy reforms in both the countries, including (1) the productivist welfare regimes, (2) the structure of the labor market for young workers, and (3) seniority-based wage and compensation systems.
AB - Faced with an unparalleled rate of population aging, Japan and Korea have been reforming their retirement policies. To date, however, while the age of mandatory retirement has increased, employees continue to face significant decreases in compensation and other working conditions, typically at age 60 in Japan and age 55 in Korea. Three factors have contributed to shaping the path of the policy reforms in both the countries, including (1) the productivist welfare regimes, (2) the structure of the labor market for young workers, and (3) seniority-based wage and compensation systems.
KW - Aging
KW - Japan
KW - South Korea
KW - older workers
KW - policies
KW - retirement
UR - http://www.scopus.com/inward/record.url?scp=84975109023&partnerID=8YFLogxK
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U2 - 10.1080/08959420.2016.1187035
DO - 10.1080/08959420.2016.1187035
M3 - Article
C2 - 27217258
AN - SCOPUS:84975109023
SN - 0895-9420
VL - 29
SP - 70
EP - 83
JO - Journal of Aging and Social Policy
JF - Journal of Aging and Social Policy
IS - 1
ER -