Average effective age of retirement for men in South Korea

South Korea: Average effective age of retirement for men was 72.3 years in 2018. ▲ Rising

Latest (2018)
72.3 years
Change on year
down 0.8%
World rank
2nd
of 49 countries
All-time high
73.3 years
in 2014
All-time low
65.4 years
in 1971
Years of data
49
1970–2018

Average effective age of retirement for men in South Korea, 1970–2018

020406080197019942018

Source: OECD (2018) – processed by Our World in Data. Measured in years.

Analysis

South Korea recorded 72.3 years for average effective age of retirement for men in 2018.

That represents a change of down 0.8% on the previous year and up 3.0% over ten years.

Over the whole period, average effective age of retirement for men in South Korea peaked at 73.3 years in 2014 and was at its lowest, 65.4 years, in 1971.

That places South Korea 2nd out of 49 countries with data for 2018, putting it in the top 10%.

The long-run direction has been consistently rising across the 49 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 66.77 years 65.4 years 68.5 years 10
1980s 66.8 years 65.9 years 68.4 years 10
1990s 69.97 years 67.7 years 71.7 years 10
2000s 69.32 years 67 years 71 years 10
2010s 72.13 years 71 years 73.3 years 9

Countries ranked near South Korea

  1. 1 Indonesia 73 years compare
  2. 3 Mexico 71.3 years compare
  3. 4 Japan 70.8 years compare
  4. 5 Chile 70 years compare

See the full ranking of 49 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is average effective age of retirement for men in South Korea?
Average effective age of retirement for men in South Korea was 72.3 years in 2018, according to OECD (2018) – processed by Our World in Data.
What is the highest average effective age of retirement for men recorded in South Korea?
The highest recorded value was 73.3 years in 2014.
What is the lowest average effective age of retirement for men recorded in South Korea?
The lowest recorded value was 65.4 years in 1971.
How does South Korea rank for average effective age of retirement for men?
South Korea ranks 2nd out of 49 countries with data for 2018.
Is average effective age of retirement for men rising or falling in South Korea?
Over the last ten years it is up 3.0%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from OECD (2018) – processed by Our World in Data, published as part of Average effective age of retirement for men. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Average effective age of retirement for men
Unit
years
Source
OECD (2018) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
49 places, 2,055 data points, 1970–2018
Last refreshed

Estimates are based on a weighted average of changes in labour force participation rates by age, for workers 40+