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Home » KEIS report reveals large gender pay gaps for elderly, new parents

KEIS report reveals large gender pay gaps for elderly, new parents

Voice of America by Voice of America
7 months ago
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A persistent gender pay gap remains among Korea’s older workers, with elderly women earning just 59 percent of what their male peers make. A report released Sunday by the Korea Employment Information Service found that, as of June 2024, about 729,000 elderly wage earners — defined as those born before 1963 — were active in the labor force. Among them, 75 percent had entered the workforce after age 60 and another 75 percent were employed at small or medium-sized businesses. The report also noted that 53.9 percent held part-time positions. Elderly workers were primarily employed in production and social service sectors, with an average monthly real income of 1.84 million won ($1,339) at the time of hiring. However, a stark gender disparity was evident. Male elderly workers earned an average of 2.26 million won, while their female counterparts made just 1.33 million won — amounting to only 59 percent of men’s earnings. The report noted that job stability and wages tend to decline as workers age and the gender pay gap within this demographic remains particularly wide. In addition, j

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