The Optimum Age of Retirement Index: The Case of Malaysia

Regional Economic Developmnet Research 2(1): 1-8.

8 Pages Posted: 9 Mar 2021

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Akademia Ekonomiczno-Humanistyczna w Warszawie; Econographication Laboratory

Rashid Ating

Institute of Advanced Studies (IAS)

Joe Yew

Xiamen University Malaysia

Date Written: March 8, 2021


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 modeling. Nine crucial factors that are identified to have direct or indirect effect 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)”. Based on the findings, the study proposed that Malaysia would be well served 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, Employees Provident Fund (EPF)

JEL Classification: A13, B41, C15, I38, J18, J81

Suggested Citation

Ruiz Estrada, Mario Arturo and Ating, Rashid and Yew, Joe Ho, The Optimum Age of Retirement Index: The Case of Malaysia (March 8, 2021). Regional Economic Developmnet Research 2(1): 1-8., Available at SSRN:

Mario Arturo Ruiz Estrada (Contact Author)

Akademia Ekonomiczno-Humanistyczna w Warszawie ( email )

Okopowa 59, 01-043 Warsaw, Poland
Warsaw, 00-007
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Econographication Laboratory ( email )

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Kuala Lumpur
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Rashid Ating

Institute of Advanced Studies (IAS) ( email )

Jln Profesor Diraja Ungku Aziz
Wilayah Persekutuan Kuala Lumpur
Kuala Lumpur, 50603

Joe Ho Yew

Xiamen University Malaysia ( email )


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