• 한국노년학
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• v.41 no.1
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• pp.169-185
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• 2021

This study investigated whether the increased Basic Pension amount in 2014 affect the level of depression of recipients and whether the effect differs according to three groups by household type(living-alone male, living-alone female, and couple households). Data from two waves of the Korean Longitudinal Study of Ageing(KLoSA) in 2012 (before the introduction of the Basic Pension) and 2016 (after the introduction of the Basic Pension), the elderly aged 65 years or older as of 2012 and the recipients of the basic pension in 2016 (N=2,277) were analyzed. Using the statistical package SPSS 25, mean comparison and multiple regression analyses were implemented. The results confirmed that the level of depression in female elderly living alone and married couples significantly decreased after the introduction of the Basic Pension, while there was no significant change in the level of depression in male elderly living alone. As results of regression analysis in the whole sample, the increased Basic Pension amount had an effect on the depression level of recipients in 2016, the higher the Basic Pension increase, the lower the depression level. Also, the regression analyses among the three groups by household type found that the significant effect of raising the basic pension on depression was reported only in elderly women living alone. Based on the main results of this study, implications were presented.

• Korea journal of population studies
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• v.24 no.1
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• pp.149-182
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• 2001

Due to the sustained increase in lifts expectancy, the number and proportion of the aged population has substantially increased, the proportion of the total population aged 65 and over was 7.1% in 2000 and 14.3% in 2022. But All public pension schemes in Korea, including the National Pension scheme, civil servants pension scheme, private school teachers pension scheme and the military pension scheme, are facing valving degree of financial problems at present because of their weak and unstable financial bases. with the result that some of them have recorded deficits for some time and the others are expected to run deficits in the near future. This crisis in financial sustainability in public pension schemes is attributable to the structural weakness of the schemes which can be characterized as high benefits, low contribution. Therefore, this article focuses on alternative of public pension schemes reform in Korea. The results is as follows. First, a basic pension is proposed to be newly established and the earnings related portion of National Pension Scheme will be as national pension. Secondly, the Basic Pension is a universal basic pension covering all nationals over 18 years and older, thereby achieving \"one pension for everybody\" Thirdly, National Pension will be operated as an earnings related pension covering only those participants with assessed income. Fourth1y, the current participants of public occupational pensions will also join the Basic Pension as well as the public occupational pensions whose scope of works will be reduced. And finally, The conversion of Retirement Allocation Scheme into a corporate pension should be left to the discretion of the company concerned.

• Korean Journal of Social Welfare Studies
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• v.48 no.3
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• pp.209-232
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• 2017

This study proposes supplemental security income programs for the elderly to reduce the serious elderly poverty in Korea. The experiences of the supplemental security income programs for the elderly among the developed countries were investigated. Based on this, the Korean supplemental security income models were proposed, and the effects of the programs on the poverty, inequality, and finance were analysed. The results suggest the following implications. First, the supplemental security income programs cover a sizable portion of the elderly in Korea, and reduce substantially the poverty and inequality problems among the elderly. Second, the supplemental security income programs are efficient compared to the increase of the basic pension. Third, the effects were varied among the combinations of the basic pension models and the supplemental security income models. Therefore Korea needs to introduce an adequate policy mix consisting of basic income and supplemental security income programs so as to construct solid basic income security systems for the elderly.

• KDI Journal of Economic Policy
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• v.13 no.1
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• pp.115-134
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• 1991

The role of pension plans in the macroeconomy has been a subject of much interest for some years. It has come to be recognized that pension plans may alter basic macroeconomic behavior patterns. The net effects on both savings and labor supply are thus matters for speculation. The aim of the present paper is to provide quantitative results which may be helpful in attaching orders of magnitude to some of the possible effects. We are not concerned with the providing empirical evidence relating to actual behavior, but rather with deriving the macroeconomic implications for a alternative possibilities. The pension plan interacts with the economy and the population in a number of ways. Demographic variables may thus affect both the economic burden of a national pension plan and the ability of the economy to sustain the burden. The tax transfer process associated with the pension plan may have implications for national patterns of saving and consumption. The existence of a pension plan may have implications also for the size of the labor force, inasmuch as labor force participation rates may be affected. Changes in technology and the associated changes in average productivity levels bear directly on the size of the national income, and hence on the pension contribution base. The vehicle for the analysis is a hypothetical but broadly realistic simulation model of an economic- demographic system into which is inserted a national pension plan. All income, expenditure, and related aggregates are in real terms. The economy is basically neoclassical; full employment is assumed, output is generated by a Cobb-Douglas production process, and factors receive their marginal products. The model was designed for use in computer simulation experiments. The simulation results suggest a number of general conclusions. These may be summarized as follows; - The introduction of a national pension plan (funded system) tends to increase the rate of economic growth until cost exceeds revenue. - A scheme with full wage indexing is more expensive than one in which pensions are merely price indexed. - The rate of technical progress is not a critical element in determining the economic burden of the pension scheme. - Raising the rate of benefits affects its economic burden, and raising the age of eligibility may decrease the burden substantially. - The level of fertility is an element in determining the long-run burden. A sustained low fertility rate increases the proportion of the aged in total population and increases the burden of the pension plan. High fertility has inverse effects.

• Industry Promotion Research
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• v.5 no.3
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• pp.23-29
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• 2020

In order to enrich the lives of senior citizens, this study suggested measures to increase income for the elderly by strengthening the current income security policies. Income security is a policy that guarantees income to maintain a certain standard of living. It is a policy that guarantees income to maintain a certain standard of living when income is suspended due to unemployment, disease, or disaster, or when income is lost due to retirement or death of a dependent due to old age, or when expenditure accompanying birth, death, etc. occurs. According to the study, measures to expand old-age income security are as follows. First, a phased increase in basic pension for the guarantee of old-age income is needed. Second, the income security function of the National Pension Service should be further strengthened. Third, a multi-layered old-age income security system should be established. Fourth, the government should continue to push for the expansion of works for the elderly. In conclusion, in order to strengthen the income security policy for the elderly, a reexamination of the current income guarantee system for the elderly is needed first. Then, it will be necessary to propose measures to gradually guarantee income for the elderly.

• Korea journal of population studies
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• v.26 no.1
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• pp.115-141
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• 2003

The aim of this paper is to describe a long-term trend toward earlier retirement and its reversal since 1985 in the United States, together with changes in socioeconomic conditions and social-policy programs which have contributed to this new development. The American people's recent propensity to retire at relatively younger ages was mainly a result of secular increase in individual wealth that had made it possible for them to enjoy higher standard of living without their participation in labor market activities at older ages. In addition to the introduction of compulsory retirement system, both social security retirement pension program and corporate pension system have also contributed significantly to the declining retirement age and its reversal around the mid-1980s. This paper pays full attention to the set of social policy programs which are currently being used to sustain the recent reversal in ages at retirement. The basic question to be raised here, however, is about whether or not the U. S. government will ave to continue to implement the social policies and programs used to discourage the elderly from retiring at relatively younger ages in the future. In this paper, it is argued that labor productivity growth and improvement in work attitude prior to retirement will help the elderly find little difficulties in having higher standard of living, despite their further lengthening of life expectancy at birth and post-retirement survival chances, the latter being often called the "third life". Most American people hope that the social-policy programs that have promoted early retirement will remain unchanged in the first part of the 21st century while they will put significant financial burden on their future descendants who have to work in the paid labor market. Taking this observation in consideration, this paper concludes that the U. S. government has to focus more on developing the programs that improve work propensity and labor productivity among the currently working-age population rather than continuing to implement the programs that sustain the recent reversal in retirement ages.ment ages.

• Korean Journal of Social Welfare Studies
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• v.48 no.3
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• pp.5-28
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• 2017

Using 2006~2015 Korean Welfare Panel Survey data, this study analyzed the poverty reduction effects of social security benefits. The results show that social security benefits have substantial impacts on reducing the poverty gap. National Basic Livelihood Security, public pensions, and Basic Pension have relatively larger poverty reduction effects. Other benefits such as disability benefits, workers' compensation unemployment insurance, and childcare subsidies have much smaller poverty impacts. Two determining factors of the poverty reduction effect are (1)the amount and (2)the poverty reduction efficiency of social security benefits. With the expansion of the social security system in recent years, the poverty reduction efficiency has decreased in general. Due to a greater increase in the amount of benefits, however, the poverty reduction effect has gradually increased. In order to increase the anti-poverty effect of social security, it is important to find ways to improve efficiency while minimizing the disadvantages of the selectivistic welfare benefits.

• Korean Journal of Social Welfare Studies
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• v.40 no.1
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• pp.87-114
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• 2009

Most previous studies on income inequality have limitations in reflecting recent changes and heterogeneity in women's working patterns and their family structure by regarding them as a homogeneous group. This study aims to investigate the trends of income inequality among women during the past 9 years since 1997 and to examine what is the most influential factor on these changes. The results show that the overall trend of income inequality among women is decreasing due to the income decrease of the middle class women and the income increase of the lower class. Among various factors, education, age, and marital status are key factors affecting inequality changes during this period. This study has the following policy implications: first, it is necessary to implement the child care services for the divorced and separated women, who are more likely to fall in poverty. Second, the increase of the basic pension benefits is needed particularly for the poor old women, who is more likely live longer in a desperate status.

• Journal of the Korea Society of Computer and Information
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• v.23 no.10
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• pp.165-172
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• 2018

This study was conducted to investigate the relationship between life satisfaction of the elderly and their transfer income (public transfer and private transfer income) using the 11th data of the Korea welfare panel study. In the analysis results, the public transfer income was analyzed to have a significantly positive (+) effect on the life satisfaction in the case of the elderly in general households while in the case of the elderly in low income households, private transfer income was analyzed to have a significantly positive (+) effect on life satisfaction. These results suggest that the public transfer income is 1,019,200 won (monthly average 849,000 won) in the case of the elderly in general households, and the public transfer income is found to have an effect to stabilize the income, which can be expected to increase the life satisfaction. However, in the case of the elderly in low income households, it was found to be 5,080,500 won (monthly average 424,000 won), half of the public transfer income of the elderly in general households. In the case of the elderly of low income households, it can be assumed that the private transfer income, which is the "uncomfortable" income source, fills up the unstable income stabilization gap and raises the life satisfaction. As a policy suggestion, first, by supplementing the basic pension system, which is an irrational part of public transfer income for the elderly with low income, it is necessary to design policy alternatives to enable economic stabilization of the elderly in low income households. Second, it is also necessary to actively review the introduction of income deduction plans for the transfer income of family members for the low income elderly households.

• The Journal of Korean society of community based occupational therapy
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• v.5 no.1
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• pp.35-43
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• 2015

Objective : The purpose of the study is to find the factors affecting a social phenomena of the elderly and suggest a basic data for efficiency of a senior policy and type of the life in Korea. Methods : We refereed to sources from the Korean Statistical Information, the National Pension Service, and the Ministry of Health and Welfare. We also surveyed and analysed the depression and death anxiety among the elderly in 2014. Results : First, most of them were low educated people and family composing a couple. An annual income were average. Second, medical costs were increasing constantly in proportion to the increase of aging population. Third, they had high depression index resulting from negative thinking of the future and themselves. Fourth, the death anxiety level of them were more than moderate and that was about the death of themselves and the process of the death. Conclusion : It is needed to help physical, mental, and social health and improve the quality of the life in the elderly through social program established a variety of special fields like occupational therapy and family support program belonging to the government.