Title: RATCHET EFFECT AND RETIREMENT AGE IN THE STATE OF
KERALA IN INDIA: AN ANALYSIS
Authors: Lenny Elsa Varghese
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Lenny Elsa Varghese
Master of Arts in Economics with UGC NET,
Mahatma Gandhi University, Kerala, India
MLA 8 Varghese, Lenny Elsa. "RATCHET EFFECT AND RETIREMENT AGE IN THE STATE OF KERALA IN INDIA: AN ANALYSIS." Int. j. of Social Science and Economic Research, vol. 5, no. 6, June 2020, pp. 1421-1424, ijsser.org/more2020.php?id=98. Accessed June 2020.
APA Varghese, L. (2020, June). RATCHET EFFECT AND RETIREMENT AGE IN THE STATE OF KERALA IN INDIA: AN ANALYSIS. Int. j. of Social Science and Economic Research, 5(6), 1421-1424. Retrieved from ijsser.org/more2020.php?id=98
Chicago Varghese, Lenny Elsa. "RATCHET EFFECT AND RETIREMENT AGE IN THE STATE OF KERALA IN INDIA: AN ANALYSIS." Int. j. of Social Science and Economic Research 5, no. 6 (June 2020), 1421-1424. Accessed June, 2020. ijsser.org/more2020.php?id=98.
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[2]. French, E., Doctor, P., & Baker, O. (2007). Asset rundown after retirement: The importance of
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[3]. Thomas, B., Muttikkal & James, S., Kuriath. (2014) Changes in mortality and human longevity
in Kerala: are they leading to the advanced stage? PMC
Abstract: The retirement age of state government employees of Kerala is at a lower point of 56 years. It is
crucial for the state with the highest literacy level and most number of qualified population to
adopt a subtle strategy to keep the ageing, yet fit to work population gainfully employed in the
labour market without restricting the job opportunities of the youth. Political opposition to a
progressive rise in retirement age is widespread in Kerala. Associating ratchet effect and
retirement age is significant in the present scenario of globalization and distinguished lifestyle as
the employees become accustomed to the living standards they have maintained over the previous
decades .The state of Kerala with the highest life expectancy of 74.9 years demonstrates the fact
that the age 55 years is too young to be laid –off from work.
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