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date: 17 August 2019

Abstract and Keywords

The present chapter aims to explore and present different retirement practices around the world. Retirement patterns, and especially early retirement, have gained considerable attention in many societies because of the aging of the population. In response to this, many countries are redesigning their pension laws and changing their policies toward retirement. In spite of the development of those national policies, organizations still have a considerable amount of discretion regarding retiring and/or retaining their older workforce. This chapter focuses on a cross-national review of retirement practices. After highlighting different trends in retirement between countries, we discuss how organizational management influences individual transition to retirement in different societies by implementing human resource practices. The issues of retirement timing, flexibility in the retirement process, and human resource practices directed toward older workers are discussed. The chapter concludes with implications and future directions in this field.

Keywords: retirement practices, retirement timing, flexibility in the retirement process, early retirement, phased retirement, human resource practices, cross-national comparison

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