Estimation of Work-life Expectancy for the Elderly by Work-life Table in Korea

This study focuses on estimating work-life expectancy and retiring ages for the elderly in korea. From observing each age group for last 10 years, there is a distinct pattern that all generations have kept increased work-life expectancy and following retiring ages. In general, women have higher life expectancy than men, who generally have higher work-life expectancy on the other hand.
This is largely because men generally have been actively participated in labor market more than women have. Also, each birth-cohort among elderly people shows that there is faster growth of expected retiring-ages than effective retirement age growth of their ages, which allows the elderly to delay their retirements.