Definition
Mandatory retirement age is the age at which people are required to leave their employment by industry custom or by law (Wood et al. 2010; OECD 2017a). According to United Nations (UN), the statutory retirement age is “the age at which eligible individuals qualify to receive full benefits upon retirement in accordance to national laws and regulations” (UN 2015a, p. 113), which is also called the state pension age or social security age in some countries.
Overview
There are many reasons for why there is a mandatory retirement age. Mandatory retirement is typically justified by the argument that a worker’s productivity declines significantly after a certain age, and certain occupations are either too dangerous or require high levels of physical and/or mental skill...
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Gu, D., Huang, LH. (2020). Mandatory and Statutory Retirement Ages. In: Gu, D., Dupre, M. (eds) Encyclopedia of Gerontology and Population Aging. Springer, Cham. https://doi.org/10.1007/978-3-319-69892-2_169-1
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DOI: https://doi.org/10.1007/978-3-319-69892-2_169-1
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