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

Baruch, Yehuda, Sayce, Susan and Gregorios, Andros (2014) Retirement in a global labour market:a call for abolishing the fixed retirement age. Personnel Review, 43 (3). pp. 464-482. ISSN 0048-3486

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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

Item Type: Article
Uncontrolled Keywords: pensions ,age,retirement,policy,labour markets,finance,qualitative research
Faculty \ School: University of East Anglia > Faculty of Social Sciences > Research Groups > Employment Systems and Institutions
Faculty of Social Sciences > Norwich Business School
Depositing User: Pure Connector
Date Deposited: 16 Feb 2015 14:24
Last Modified: 25 Jul 2018 10:30
URI: https://ueaeprints.uea.ac.uk/id/eprint/52251
DOI: 10.1108/PR-04-2013-0059

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