The average age at which workers retire appears to vary widely around the world. What factors contribute to deciding retirement age? How are societies advantaged or disadvantaged by workers retiring early?

Retirement age is influenced by a group of factors, such as demographic distribution. Demographic distribution shows the composition of a population in terms of different age groups. So, governments take the ratio of elderly people to young people into consideration when deciding the retirement age. If elderly people maintain the larger proportion of the population, […]