Asia Pacific retirement: Models for Australia, Fiji, Malaysia, Philippines and Republic of Korea

Survey data from Australia, Fiji, Malaysia, Philippines, and the Republic of Korea are used to model older workers' choices. The co-existence of a traditional sector along with a modern sector in much of the Asia Pacific region offers a traditional family lifestyle, as well as paid work and retirement choices. Differences are analyzed between countries, by expanding choices to include traditional family support, and within countries by use of ethnic group dummies along with economic factors. Results demonstrate the importance of cultural and developmental factors within and between countries. There is less dependency on family in more developed countries but inverse effects for wealthy persons. Wealthier households in more developed countries depend upon income from their own work while in developing countries they depend on families. Women in the developing countries work whilst those in developed countries tend to retire with their husbands to share retirement leisure.