Journal of Emerging Trends in Educational Research and Policy Studies: Home

Abstract:
The poverty problem of elderly (65 years old and over) in Korea remains pervasive. The one of potential elderly (55-64) will also become a big social issue after retirement from the job market. This paper tries to figure out the factors that affect the elderly and potential elderly household poverties in order to establish adequate welfare policies. The paper merges ten years Korean Welfare Panel Data using two merge key variables (hid and time). This study implements the panel logit analysis on the factors which affect the poverties of the elderly and potential elderly. It analyzes demographic, economic, and systematic related. variables. Based on the analysis results, the ordinary income and housing values variables affect positively regular households irrespective of age groups. Main economic activities and sex variables have a negative effect on the poverty problems. The government chooses the policy alternatives for improving the poverty problems, considering the poverty characteristics of age groups, economic activity, sex, and so on. This paper suggests some current and future policy alternatives considering all together the poverty problems of elderly and potential elderly households.

Keywords: potential elderly households, farmland pension systems, panellogit model, random model

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