Title: Why do the late middle-aged choose self-employment?: determinants of self-employment at older ages

Authors: Min-Jeong Seo; Young-Min Lee; Hae-Ryeon Park

Addresses: Sookmyung Women's University, Cheongpa-ro 47-gil 100, Yongsan-gu, Seoul, Korea ' Sookmyung Women's University, Cheongpa-ro 47-gil 100, Yongsan-gu, Seoul, Korea ' Sookmyung Women's University, Cheongpa-ro 47-gil 100, Yongsan-gu, Seoul, Korea

Abstract: This study aims to identify major factors influencing the late middle-aged population's self-employment choices as an alternative to unemployment, as well as a way of exiting poverty. Data for analysis was obtained from the Survey of the Korean Longitudinal Study of Ageing, were used for this study. The results of the analysis showed that factors having a significant impact on self-employment choices were age, health status, work hours, wage satisfaction, individual net worth, job expectations. It is expected this study will be able to offer insights for countries bracing for the late middle-aged employment from the example of South Korea.

Keywords: late middle-aged; self-employed; influence factors; employment policy.

DOI: 10.1504/IJEPEE.2020.109586

International Journal of Economic Policy in Emerging Economies, 2020 Vol.13 No.4, pp.365 - 372

Received: 27 Jun 2019
Accepted: 03 Feb 2020

Published online: 09 Sep 2020 *

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