Retirement in a global labour market: a call for abolishing the fixed retirement age

Yehuda Baruch (Lead Author), Susan Sayce , Andros Gregorios

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

Purpose – The purpose of this paper is to explore potential benefits and possible pitfalls of the removal of the default retirement age.
Design/methodology/approach – A human capital and labour market perspective provide theoretical lenses for exploring the potential implications for individuals, organizations and societies. The paper employs financial costing analysis to demonstrate.
Findings – The paper uses the UK case to illustrate anticipated managerial and societal outcomes. The main finding from the discussion and the financial analysis is that indeed the current system is unsustainable.
Originality/value – The paper offers areas where lessons about age management can be learnt from other experiences of flexible retirement strategies such as enhancing older workers’ human capital. The idea is of global nature and relevance and forms a “wake-up call” for decision makers at national
level.
Paper type - Conceptual paper
Original languageEnglish
Pages (from-to)464-482
Number of pages18
JournalPersonnel Review
Volume43
Issue number3
DOIs
Publication statusPublished - 2014

Keywords

  • pensions
  • age
  • retirement
  • policy
  • labour markets
  • finance
  • Qualitative Research

Cite this