Return of education and retirement age decision: a case study among management graduates from Malaysia
In this study we propose a simulation approach using Cost and Benefit Analysis (CBA) to evaluate effects of the increase in retirement age on education return among tertiary management graduates in Malaysia. All data are computed into CBA model using simulation approach to measure the Internal Rate...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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The Publisher
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28311/ http://psasir.upm.edu.my/id/eprint/28311/1/Return%20of%20education%20and%20retirement%20age%20decision.pdf |
| _version_ | 1848846082349465600 |
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| author | Loganathan, Nanthakumar Mohd Noor, Zaleha Abd Jalil, Suhaila |
| author_facet | Loganathan, Nanthakumar Mohd Noor, Zaleha Abd Jalil, Suhaila |
| author_sort | Loganathan, Nanthakumar |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | In this study we propose a simulation approach using Cost and Benefit Analysis (CBA) to evaluate effects of the increase in retirement age on education return among tertiary management graduates in Malaysia. All data are computed into CBA model using simulation approach to measure the Internal Rate of Return (IRR) once the retirement age is increased yearly. The overall findings of this study show that the IRR is not sensitive to the assumption made about the retirement age decisions; and
the IRR does not change from the compulsory retirement age proposed by the Malaysian government. Therefore, the 56 years for retirement age for management graduates in Malaysia is still ideal in term of education return. |
| first_indexed | 2025-11-15T08:57:03Z |
| format | Article |
| id | upm-28311 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:57:03Z |
| publishDate | 2013 |
| publisher | The Publisher |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-283112015-10-01T04:03:02Z http://psasir.upm.edu.my/id/eprint/28311/ Return of education and retirement age decision: a case study among management graduates from Malaysia Loganathan, Nanthakumar Mohd Noor, Zaleha Abd Jalil, Suhaila In this study we propose a simulation approach using Cost and Benefit Analysis (CBA) to evaluate effects of the increase in retirement age on education return among tertiary management graduates in Malaysia. All data are computed into CBA model using simulation approach to measure the Internal Rate of Return (IRR) once the retirement age is increased yearly. The overall findings of this study show that the IRR is not sensitive to the assumption made about the retirement age decisions; and the IRR does not change from the compulsory retirement age proposed by the Malaysian government. Therefore, the 56 years for retirement age for management graduates in Malaysia is still ideal in term of education return. The Publisher 2013-07 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28311/1/Return%20of%20education%20and%20retirement%20age%20decision.pdf Loganathan, Nanthakumar and Mohd Noor, Zaleha and Abd Jalil, Suhaila (2013) Return of education and retirement age decision: a case study among management graduates from Malaysia. The Empirical Economics Letters, 12 (7). pp. 723-731. ISSN 1681-8997 http://www.eel.my100megs.com/volume-11-number-7.htm |
| spellingShingle | Loganathan, Nanthakumar Mohd Noor, Zaleha Abd Jalil, Suhaila Return of education and retirement age decision: a case study among management graduates from Malaysia |
| title | Return of education and retirement age decision: a case study among management graduates from Malaysia |
| title_full | Return of education and retirement age decision: a case study among management graduates from Malaysia |
| title_fullStr | Return of education and retirement age decision: a case study among management graduates from Malaysia |
| title_full_unstemmed | Return of education and retirement age decision: a case study among management graduates from Malaysia |
| title_short | Return of education and retirement age decision: a case study among management graduates from Malaysia |
| title_sort | return of education and retirement age decision: a case study among management graduates from malaysia |
| url | http://psasir.upm.edu.my/id/eprint/28311/ http://psasir.upm.edu.my/id/eprint/28311/ http://psasir.upm.edu.my/id/eprint/28311/1/Return%20of%20education%20and%20retirement%20age%20decision.pdf |