A reciprocating motor and a reciprocating compressor having the same are provided. One side of each of outer and inner cores forming a stator are connected to each other, to prevent a magnetic flux generated by the coil and a magnet from leaking out of the stator. Hence, it is possible to fabricate components of the reciprocating compressor employing such a reciprocating motor by using a relatively low-cost magnetic substance, resulting in a decrease in fabricating costs of the compressor. Also, a length of the magnet may be reduced, which results in a reduction of the cost for the magnet, thereby decreasing fabricating costs of the reciprocating motor and the reciprocating compressor employing the reciprocating motor.