Higher Retirement Age? Trend And Growth Analysis Of Labour Market In Malaysia

2020 ◽  
Author(s):  
Zulkifli Abdullah
Keyword(s):  
Labour Market ◽  
Growth Analysis ◽  
Retirement Age

scholarly journals Demographics, Labour Market, and Pension Sustainability in Hungary

2020 ◽  
Vol 42 (2) ◽  
pp. 146-171
Author(s):  
András Olivér Németh ◽  
Petra Németh ◽  
Péter Vékás
Keyword(s):  
Labour Market ◽  
Pension System ◽  
The Elderly ◽  
Retirement Age ◽  
Baseline Scenario ◽  
Dependency Ratio ◽  
Recent Developments ◽  
Market Trends ◽  
Employment Rates ◽  
Age Dependency Ratio

The sustainability of an unfunded pension system depends highly on demographic and labour market trends, i.e. how fertility, mortality, and employment rates change. In this paper we provide a brief summary of recent developments in these fields in Hungary and draw up a picture of the current situation. Then, we forecast the path of the economic old-age dependency ratio, i.e. the ratio of the elderly and employed populations. We make different alternative assumptions about fertility, mortality, and employment rates. According to our baseline scenario the dependency ratio is expected to rise from 40.6% to 77% by 2050. Such a sharp increase makes policy intervention inevitable. Based on our sensitivity analysis, the only viable remedy is increasing the retirement age.

scholarly journals Persons of Pre-Retirement Age in the Labour Market: Employment Problems and Support Measures

2020 ◽  
Vol 16 (4) ◽  
pp. 1178-1192
Author(s):  
Natalya A. Chernykh ◽  
Anna N. Tarasova ◽  
Andrey E. Syrchin
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Pension Reform ◽  
Economic Incentives ◽  
Age Discrimination ◽  
Government Support ◽  
Retirement Age ◽  
Support Measures ◽  
Employment Sector ◽  
The Government

The problem of age discrimination in the labour sector has become even more relevant, as the increase in the retirement age and the COVID-19 pandemic in Russia reinforce ageism. The article aims to assess the incidence of age discrimination in the labour market of the Sverdlovsk Region and examine employers’ behaviour towards people nearing retirement. The mixed methodology includes quantitative (analysis of statistics, questionnaire survey, content analysis) and qualitative (in-depth interviews with employers) research methods. While in the 1990s age discrimination was evident and expressed in the exclusion of older workers from the employment sector, now age discrimination is latent and has different manifestations. The results showed that people aged over 45 have less job opportunities in the labour market. Thus, most of them choose to maintain employment. This strategy, however, does not protect against other discriminatory practices such as displacement to less paid positions, reduced pay rate, etc. This situation leads to the decrease in the average wage of workers aged 50-55 by approximately 25%. We can conclude that employers did not change their behaviour and continue using discriminatory practices to maximise the return on human capital, shifting the risks of pension reform to employees. The government is trying to smooth over the differences between the effectiveness of the regional economic system, focused on maximising the use of regional human resources, and the effectiveness of individual organisations by protecting labour rights and promoting the employment of people nearing retirement. However, the government support measures mainly focus on training or retraining of people aged over 50, while employers lack economic incentives to reconsider their attitude towards older workers. Thus, we recommend developing governmental mechanisms for encouraging employers to change their personnel policy concerning employees aged over 50.

scholarly journals The Netherworld between Work and Retirement

2016 ◽  
Vol 15 (4) ◽  
pp. 625-636 ◽  
Author(s):  
Michael McGann ◽  
Helen Kimberley ◽  
Dina Bowman ◽  
Simon Biggs
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Working Life ◽  
Retirement Age ◽  
Major Theme ◽  
Narrative Interviews ◽  
Social Gerontology ◽  
Policy Makers ◽  
Part Time

A major theme within social gerontology is how retirement ‘is being re-organised, if not undone’. Institutional supports for retirement are weakening, with pension ages rising in many countries. Increasing numbers of older workers are working past traditional retirement age on a part-time or self-employed basis, and a growing minority are joining the ranks of the long-term unemployed. Drawing upon narrative interviews with older Australians who are involuntarily non-employed or underemployed, this article explores how the ‘unravelling’ of retirement is experienced by a group of older workers on the periphery of the labour market. While policy makers hope that higher pension ages will lead to a longer period of working life, the risk is that older workers, especially those experiencing chronic insecurity in the labour market, will be caught in a netherworld between work and retirement.

scholarly journals Labour Market Decisions of the Self-Employed in the Netherlands at the Statutory Retirement Age

2018 ◽  
Author(s):  
Amparo Nagore Garcia ◽  
Maria Cristina Rossi ◽  
Arthur H. O. <!>van Soest
Keyword(s):  
The Netherlands ◽  
Labour Market ◽  
The Self ◽  
Retirement Age

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

2014 ◽  
Vol 43 (3) ◽  
pp. 464-482 ◽  
Author(s):  
Yehuda Baruch ◽  
Susan Sayce ◽  
Andros Gregoriou
Keyword(s):  
Human Capital ◽  
Labour Market ◽  
Older Workers ◽  
Financial Analysis ◽  
Current System ◽  
National Level ◽  
Retirement Age ◽  
Content Type ◽  
Potential Benefits ◽  
The Uk

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.

scholarly journals EMPLOYEES FROM UKRAINE ON THE POLISH LABOUR MARKET

2018 ◽  
pp. 112-119
Author(s):  
Arkadiusz Przybyłka
Keyword(s):  
Social Policy ◽  
Labour Market ◽  
European Commission ◽  
Economic Activity ◽  
Statistical Data ◽  
Comprehensive Analysis ◽  
Practical Significance ◽  
Retirement Age ◽  
History Of ◽  
Research Show

Purpose of the research: show how many people from Ukraine work legally in Poland. Methodology: Research is based on the analysis of official statistical data. Stats of work permits and arrivals were used. Also analyzed legal acts regulating this issue. Results.According to the European Commission, the situation on the Polish labour market is “the best in the recent history of the country”. Unemployment has dropped to such a level that labour shortages can limit economic activity in the country. Lower employee resources are caused by unfavourable demographic changes and lowering the retirement age. Therefore, the number of employees from other countries has been growing for several years. Shortages in the labour market are mitigated by immigration coming to Poland. Of the foreigners, the largest number of employees is form Ukraine. According to the data from the Ministry of Labour and Social Policy in 2017, the largest number of work permits were issued to Ukrainian citizens 192,5 thousand, which accounted for 82% of the total and, at the same time, 81% higher than in 2016. Scientific novelty: So far, no comprehensive analysis describing debated issue. The practical significance: The research is to help illustrate trends in this issue. In addition, indicate how people from Ukraine can be employed.

scholarly journals RESEARCH OF SOME ASPECTS ABOUT THE ELDERLY EMPLOYED IN THE LATVIAN LABOUR MARKET

2018 ◽  
Vol 1 (10) ◽  
pp. 134
Author(s):  
Irena Silinevica
Keyword(s):  
Labour Market ◽  
The Elderly ◽  
The Self ◽  
Retirement Age ◽  
Self Assessment ◽  
Construction Methods ◽  
Social Opportunities ◽  
Market Areas ◽  
Pension Age

The seniors are among the resources to reduce tension in certain labour market areas and promote further economic development. Taking into account the aging population trends, the role of seniors will increase in Latvia’s labour market. The aim of this research study is to explore the self-assessment of the elderly employed about their abilities to work competitively at pre-retirement age and go on to work at pension age. The research has verified some theoretical findings about the elderly people in the labour market by using content analysis, comparative analysis, synthesis, and the abstract and logical construction methods. The self-assessment of the employed aged above 50 about their abilities to compete in labour market is analysed in the research. A survey of the pre-retirement and pension-aged employees is carried out in the research. The main findings of the research are as follows: the development of technologies and the raising standard of living in Latvia creates new social opportunities for pre-retirement and retirement-age people to go on to work. The stereotypes in society on the preretirement and retirement-age employees are out of date and need to be changed. There are recommendations for improvement of competitiveness of the elderly employed in the labour market developed in the paper.

scholarly journals An Attempt to Identify Factors Influencing Retirement Decisions in Poland

2018 ◽  
Vol 4 (336) ◽  
pp. 43-59
Author(s):  
Anna Ruzik-Sierdzińska
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Pension System ◽  
Labour Force ◽  
Economic Incentives ◽  
Economic Transformation ◽  
Retirement Age ◽  
Special Focus ◽  
Factors Influencing ◽  
Retirement Decisions

Discussions on how to prevent negative economic consequences of ageing of societies have resulted in the reforms that should prolong labour market participation and postpone retirement of longer living generations. Pension systems are among those reformed most frequently. Also in Poland – since the beginning of economic transformation in the early 1990s – retirement rules have changed many times. Pre‑retirement benefits and allowances have been introduced to help those who became unemployed at an older age. Since 2009 early retirement is not possible any more (with some exceptions), the standard retirement age continued to increase since 2013 and then it decreased again in 2017. The aim of the paper is to analyse the driving forces of retirement in Poland. Such knowledge is important to develop proper policies and expectations about labour supply decisions. We have analysed what factors influenced retirement decisions in the last decade, with a special focus on pension system regulations. The main data sources used in this paper are Labour Force Survey (BAEL) data for the years 2005–2016 and the Social Insurance Institution statistics. Probabilities of retirement from the labour force were presented and discussed. Then, individual BAEL data for persons aged 50–74 in the years 2013–2016 were used to estimate logistic regression models of odds of labour market inactivity. The results show that education or health status are significant factors influencing retirement decisions in Poland. Additionally, older workers react to economic incentives for retirement created by the pension system, mainly the retirement age.

scholarly journals The labour market in the context of the growth of globalization processes: evidence from Ukraine and countries of the European Union

2019 ◽  
Vol 67 ◽  
pp. 06009
Author(s):  
Tatiana V. Chatchenko ◽  
Yurii O. Miriasov ◽  
Irina A. Davidova ◽  
Vistoriia V. Mykytas
Keyword(s):  
Labour Market ◽  
Power Level ◽  
Youth Unemployment ◽  
State Regulation ◽  
Retirement Age ◽  
The European Union ◽  
Work Skills ◽  
Key Issues ◽  
The Subject ◽  
Household Incomes

The labour market is a special market of means of production, which requires special attention, since the subject of exchange is the ability of people to work, skills and knowledge of a person. The welfare of the population, its purchasing power, level of income and, in the end, the standard of living depends on the efficiency of the exchange at the market. The issue of unemployment is one of the key issues in the state regulation of the labor market, which causes a decrease in household incomes and the general population, a decrease in the welfare of the nation and in general the gross domestic product. Scientists distinguish several types of unemployment on various grounds: reasons, structure and period, etc. But one of the topical problems of the present, with a tendency towards rising retirement age, observed in both developed and developing countries, is youth unemployment. That entails a set of problems: the inadequacy of education with the current requirements of the labour market, the lack of vacancies, and the increase of retirement age employees delays the term of retirement, thus not freeing jobs, etc.

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