Taiwanese workers retire 10 years earlier than Koreans

Taiwan News
Date: 2016/10/30
By: George Liao, Taiwan News, Staff Writer

According to the international labor statistics released by the Ministry of Labor, clipboard01Taiwanese men and women retire at a much younger age than people in South Korea and Japan, two neighboring countries of Taiwan.

The average retirement ages for Taiwanese men and women are 62.8 and 60.7, respectively, about 10 years younger than the respective average ages of 72.9 and 70.6 for South Korean men and women, and 7 years younger than the average ages of 69.3 and 67.6 for Japanese men and women.

The labor force participation rate among Taiwanese people between ages 25 and 29, the most significant labor force participation age group in Taiwan, is the highest among all countries at 92.5 percent. However, the labor force participation rates for Taiwanese people in the 55-59 and 60-64 age groups drop significantly to only 55.1 percent and 35.8 percent, respectively, which are the lowest among all countries.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.