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  1. Housing wealth, labor supply, and retirement behavior
    evidence from Korea
    Author: Chung, Jongwoo
    Published: 2022. 2
    Publisher:  Bank of Korea, Seoul, Korea

    Using a longitudinal data set from South Korea, we estimate the impact of housing wealth on labor supply and the retirement behavior of elderly workers. Estimation results from our model suggest that house wealth variations significantly influence... more

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    Verlag (kostenfrei)
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    Verlag (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 629
    Inter-library loan:
    No inter-library loan

     

    Using a longitudinal data set from South Korea, we estimate the impact of housing wealth on labor supply and the retirement behavior of elderly workers. Estimation results from our model suggest that house wealth variations significantly influence the labor supply of older workers. The housing wealth effect is bigger for people nearing retirement, which influences their retirement behavior. Between expected and unexpected housing capital gains, only unexpected gains have a significant and negative impact on elderly workers’ retirement

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: BOK working paper ; no. 2022, 5
    Subjects: Retirement; House price; Wealth effect; Wealth shock
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen