The Optimum Age of Retirement Index (OAR-Index): The Case of Malaysia

12 Pages Posted: 11 Jun 2020

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Centre of Latin American Studies (CLAS) - University of Malaya

Joe Yew

Xiamen University Malaysia

Rashid Ating

University of Malaya (UM) - Social Wellbeing Research Center (SWRC)

Multiple version iconThere are 2 versions of this paper

Date Written: May 17, 2020

Abstract

This paper proposes a list of crucial factors that can be considered as a template for universal retirement plan. Malaysia is used as the base of our modelling. Ten crucial factors that are identified to have an affect directly or indirectly on the retirement plan among the three largest races in Malaysia namely the Malay, Indians, and Chinese are examined. The main objective of this research is to propose a new approach to evaluate the optimum age retirement for Malaysians in general. Hence, this new index is entitled “The Optimum Age Retirement Index (OAR-Index). The study finds that it would serve Malaysia well to increase the retirement age of the country’s workforce and proposes a number of recommendations and policies to complement the retirement-age extension.

Keywords: Retirement, Malaysia, Health care, EPF

JEL Classification: I1 and I3

Suggested Citation

Ruiz Estrada, Mario Arturo and Yew, Joe Ho and Ating, Rashid, The Optimum Age of Retirement Index (OAR-Index): The Case of Malaysia (May 17, 2020). Available at SSRN: https://ssrn.com/abstract=3603099 or http://dx.doi.org/10.2139/ssrn.3603099

Mario Arturo Ruiz Estrada (Contact Author)

Centre of Latin American Studies (CLAS) - University of Malaya ( email )

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Joe Ho Yew

Xiamen University Malaysia ( email )

Malaysia

Rashid Ating

University of Malaya (UM) - Social Wellbeing Research Center (SWRC) ( email )

Malaysia

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